JB Financial Group: Acquiring Customers Via Open Banking

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12 April 2019
Patricia Hines

Winner of Celent Model Bank 2019 Award for Banking as a Platform

Abstract

Celent recognizes JB Financial Group (Korea) as the winner of the Model Bank 2019 Banking as a Platform Award for their initiative Acquiring Customers via Open Banking.

JBFG achieved a competitive advantage with its JB Open Banking Platform, enabling third parties to provide financial services to their customers by leveraging JBFG’s banking license. The JB OBP has allowed JBFG to acquire thousands of new customers, diversify its loan portfolio, and increase fee income from new sources.

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Insight details

Sector
Banking, Corporate Banking, Retail Banking
Content Type
Reports
Focus
APIs, Digital, Platforms
Location
Asia-Pacific, EMEA, LATAM, North America