We look at these strategies in more detail and explore how Australia’s biggest banking and financial sector businesses are preparing themselves for the open banking revolution.
Digital disruption is challenging the status quo in the banking sector. But what exactly are the roles of APIs and Fintech in this brave new world? How are traditional banking models being tested? We spoke with Jeremy Berger, Chief Operating Officer at Arival Bank, a venture-backed digital banking startup for SMEs, to discuss these new trends. We talk through what innovative methods Arival Bank is bringing to the table, how APIs are transforming the banking model and how Fintech partnerships can help banks navigate this era of rapid change.