Open finance is quickly becoming a strategic priority for banks and credit unions, but many institutions still struggle to scale secure data sharing across fragmented APIs and third-party connections. New research from American Banker, sponsored by Akoya, explores how financial institutions are approaching open finance and the operational, governance and security challenges they face as adoption accelerates. This white paper uncovers why many institutions remain stuck in hybrid data-sharing models and what it takes to build a scalable open finance framework that supports innovation, strengthens oversight and unlocks new opportunities for growth.
In this peer-based research, you'll discover
- Why open finance has become a strategic priority for banks and credit unions
- The operational and governance challenges created by fragmented API integrations
- How financial institutions are addressing security, regulatory and data liability concerns
- What a scalable, infrastructure-level approach to open finance looks like in practice