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OPEN BANKING
CREATE VALUEWITHECOSYSTEM PLAYS
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2Copyright 2019 Accenture. All rights reserved.
$500 BILLION IS UP FOR GRABS BY 2025 IN PAYMENTS MARKET
~ 15% GLOBAL BANK REVENUES AT RISK BY 2025
~ 11% new market variables impacts (instant and free payments)
~ 4% new Banks' competitors (invisible payments offering from non banks and digital attackers)
Source: Accenture Research, Payment Pulse survey 2019 on 240 payment executives at banks from 22 countries
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3Copyright 2019 Accenture. All rights reserved.
FIRST SYSTEMIC INITIATIVES TAKING PLACE IN EUROPE
300+
Innovative Offering
ConnectedBanks
Already released Account Aggregation and PISP services
~90% UK Banks have joinedthe initiative
+50MActive TPPs110+
Monthly APIs calls (on average2019)
36 European Bank Groups joined the hub
2nd Largest European Open Banking Hub
+280 SubscribersBanks
Enrolled TPPs+50Monthly APIscalls
20K
WITH TECHNICAL NEEDS NOW COVERED …
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4Copyright 2019 Accenture. All rights reserved.
… BANKS ARE MOVING BEYOND PAYMENTS
LIVE TESTING IDEATION
Account Aggregation services
Personal Financial Management
SME Financial Management
Automatic overdraft borrowing
Customer Lending
E-commerce payments
Credit file enhancement
Identity verification
Debt advice
SME lending
Product comparison services
Account sweeping and micro savings
Protections for financially vulnerable people
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5Copyright 2019 Accenture. All rights reserved.
ITALIAN MARKET STILL EARLY STAGE
BUSINESS SHORT TERM FOCUS
PAYMENTS & CURRENT ACCOUNT
• Defensive multi-bank PFM/BFM• First light-banking explorations
• Light-banking open platforms• SME-in-a-box offering/ ecosystem
CREDIT • First Proof-of-Concept in place • Open credit as the “new normal”
MEDIUM-LONG TERM FOCUS
INVESTMENTS• Few low-hanging fruits from simple
current account transactional data (PSD2 focus)
• Tipping point with expansion of regulatory APIs to investments
INSURANCE• First explorations from native digital
banks/ category killers• Potential scale-up to new channels (e.g.
cards, POS) and products
LOW HIGH
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6Copyright 2019 Accenture. All rights reserved.
NEW COMPLEXITIES TO BE MANAGED …
by
2025…
18" IOTINTERAZIONI CONTINUE "CONNESSE"
220 SERVICES APIZATIONNEW API PER MONTH
518 SECURITY# OF IT FRAUDS PER DAY (ITALY)
x25 ANALYTICSINCREASE IN DATA COLLECTED AND PROCESSED
Sources: Accenture elaboration on IDC data, 2017; Indicedella criminalità 2018 Sole24Ore; ProgrammableWeb (2019); Accenture research, 2018
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7Copyright 2019 Accenture. All rights reserved.
… WITH NEW COLLABORATION MODELS
FINTECHS
"Buy innovation"
ACCELERATORS/ INCUBATORS
"Accelerate new ideas"
SERVICE PROVIDERS
"Exploit systemic synergies"
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THANK YOU