A new horizon
The financial landscape is evolving rapidly. Open banking had already reshaped customer expectations and business models, but the emergence of open finance brought a new set of possibilities.
For one leading global bank, this shift presented both challenges and opportunities. How could they align with market trends, meet changing customer expectations, and position themselves as leaders in this new ecosystem?
To move forward with confidence, the bank needed actionable insights and a clear direction. That’s when Netscribes stepped in.
Reimagining financial networks
Netscribes collaborated with the bank to unlock key insights about the transition from open banking to open finance. By leveraging financial network analysis, we addressed three critical questions:
- What do customers value most in this new era of finance?
- Who are the key players driving innovation in open finance, and what can be learned from their strategies?
- How can the bank realign its approach to lead in this evolving market?
To answer these, we developed a tailored framework that mapped the progression of open banking to open finance, focusing on dynamic markets like the UK and US. https://www.netscribes.com/industries/banking-and-financial-services/
Insights that drive transformation
Our insight services for the banking and financial services industry are designed to address the unique challenges of this evolving sector.
By analyzing key fintech leaders, we identified industry best practices and emerging trends. This allowed the bank to pinpoint areas where they could strengthen their offerings and create value for their customers.
For instance, the financial network analysis revealed partnership opportunities with fintechs that aligned with the bank’s growth strategy. These collaborations were critical to delivering innovative solutions that resonate with evolving customer needs.
Delivering measurable impact
The outcome of this collaboration was a comprehensive roadmap for the bank’s transition to open finance. Key results included:
- A clear market view: Insights into global trends and the role of leading players in the open finance ecosystem.
- Strategic alignment: A framework for aligning the bank’s offerings with market evolution.
- Partnership opportunities: Identification of fintech collaborators to accelerate innovation and growth.
Moving forward with confidence
Success in a dynamic market isn’t about playing catch-up—it’s about taking the lead.
Using financial network analysis to map market forces, customer needs, and competitor dynamics, the bank developed a strategy that not only addressed immediate challenges but also laid a strong foundation for sustainable long-term success
Download the full case study to discover how Netscribes can help your business navigate change and drive sustainable growth.
