Switzerland has so far pursued a market-driven approach to implementing Open Banking. But what is the Swiss financial sector's understanding of Open Banking? Which use cases have the most potential? What is the significance of the concept for companies in the financial sector's immediate environment or for the public sector? What are the success factors that influence the effective implementation of Open Banking in Switzerland? The latest Open Banking study by OpenBankingProject.ch answers these and more questions.
Open Banking creates simplified and efficient cooperation between banks and third-party providers (TPPs) through open and standardized APIs. At the center of the concept is the end customer, who can decide independently on how to handle his (banking) data.