Open For Business: Open Banking for Corporates and Small/Medium Enterprises (SMEs)
The complexity of products, processes and transactions in corporate banking has so far resulted in relatively lower levels of digitization compared to retail. Yet business owners increasingly expect simple, holistic processes and a seamless customer experience.
Open banking provides a unique opportunity for banks to meet this need, by enabling increased automation and personalization of services for business customers. At the same time, it enables banks to move beyond traditional banking activities and open up new revenue streams through Banking-as-a-Service (BaaS).
Find out more about the opportunities in open banking for corporates and SMEs in this whitepaper.
About the Author
Kanika Hope is the Chief Strategy Officer, leading Temenos’ global business strategy with responsibility for market intelligence, strategic sales support and value-based selling. Kanika joined Temenos in 2015 as Global Strategic Business Development Director and she laid the foundation of value selling in Temenos. She established the renowned Temenos Value Benchmark program and an influential series of thought leadership insights on strategic banking issues and trends.
Kanika has nearly 30 years experience in banking technology and operations and has held senior roles within SAP, McKinsey and General Electric. Kanika holds an MBA from the Indian Institute of Management, Bangalore.
Temenos advances platform capabilities to accelerate Banking-as-a-Service
Temenos is the banking platform of choice for embedded finance, enabling licensed banks and BaaS providers to offer BaaS to brands and fintechs
Want to harness the power of BaaS?
From retailers and airlines, to ride-sharing apps and coffee chains, brands are embedding financial services into their online and mobile offerings to increase revenues, build customer loyalty and gain deeper insights about them.
How Temenos challenges the banking industry’s conventions
The way people bank is evolving. Banking services are increasingly embedded in people’s everyday
lives – banking itself is becoming a journey and an experience.