Celent Roundtable | Digital Journeys and Emerging Technologies: Open API Banking
Celent is pleased to hold our next installment of the Celent’s Roundtable Series in Tokyo on March 2, 2018. This exclusive, invitation-only event will allow senior leaders of leading financial firms to discuss the latest trends, developments, and innovations related to banking technology. Dan Latimore, Celent’s Boston-based Senior Vice President of Banking, will be returning to Tokyo to join Eiichiro Yanagawa, our Tokyo-based expert on financial technology.
The three-hour interactive session includes peer-to-peer discussions among the participants. The event starts with presentations by Celent analysts. They will discuss globaltrends in Digital and Open API Banking and their points of view on it, mentioning specific effective tools and technologies to address pressing challenges and opportunities. Discussions will follow the presentations.
Filled with concrete examples from around the world, the session will discuss new technologies, emerging and existing competitors, and bank responses. What are the new sources of value the banks can provide to their customers? How can they change the relationship? And what are the implications in Japan?
This is a great opportunity to learn about how technology transformation projects and new technologies are affecting banking.
The Global Digital Banking Trends that Matter Now
Banking is undergoing rapid change around the world, driven by increased customer expectations, new technologies, emerging competitors, and changing regulatory requirements.
Dan Latimore will discuss his perspective on the key challenges that banks face around the world and how they’re responding to them.
Ranging from topics like Artificial Intelligence to Mobile Payments, the session will focus particularly on how banks around the world are mobilizing in the face of generational change that affects the foundation of their value proposition.
Open API in Japan: Initiatives and Challenges
Open API, which discloses methods for connecting with banking systems to other companies, has been discussed in Japan since around 2015. The discussions ended in the revised Banking Act, which was enacted in May 2017.
We saw improvement in legal systems regarding the use of the API, which came to be based on the cooperation between banks and Fintech companies. This raised the possibility of the widespread adoption of bank APIs.
As the full-scale utilization of Banking APIs becomes more active, new services will be generated one after another through the cooperation among the companies across the industries.
In this session, we discuss global trends in open API and open banking, Japan's current situation on open API, and the path to open banking and open innovation.
- Celent keynote address #1: The Global Digital Banking Trends that Matter Now
- Celent keynote address #2: Open API in Japan: Initiatives and Challenges
- Roundtable discussion: Where are Open API Banking and Innovation headed for?