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Open Banking Value Tool

What evidence do we have that open banking is really creating impactful benefits for all stakeholders across the ecosystem?

Open Banking value tool schema

Value generated categories

Efficiency/cost reduction

Process efficiency, automisation
Operating cost reductions

Environment improvements

Resource optimisation
Improved environmental reporting

Financial health of customers

Reduced household costs
Reduced business costs
Better financial decision-making
Reduced financial stress and debt
Achieving long-term goals
Reduced business failure
Enhanced work/life balance
Reduced borrowing costs
Improved return on savings
Financial cushion/smoothing
Improved return on positive cash flows

Increased innovation

Product improvements
Early trend detection
Innovation, new use cases

Local economic development

Increased tax and revenue collection
Employment contribution

Network optimisation

New channels
New customer segment reach
Brand perception
Partnerships
Network effects

Reduced inequality

Increased participation by marginalised groups
Reduced financial exclusion

Revenue growth

Revenue growth
Time-to-market
New business models/new revenue streams
Customer "stickiness"/retention
New customer acquisition

Who Benefits?

List of regions

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