Open Banking PTBR

18 Open Banking APIs State of the Market Report 2020 REGION: ASIA PACIFIC CHINA 4 48 NEW ZEALAND 2 6 HONG KONG 5 59 MACAO 1 4 NEPAL 1 5 PHILIPPINES 5 75 TAIWAN 2 9 SOUTH KOREA 1 2 TURKEY 3 141 AUSTRALIA 6 37 INDONESIA 10 248 SINGAPORE 5 292 THIALAND 3 19 CAMBODIA 1 1 MALAYSIA 4 18 VIETNAM 3 26 BRUNEI 1 4 IRAQ 1 4 INDIA 12 309 SRI LANKA 1 5 BANGLADESH 1 6 PAKISTAN 1 6 JAPAN 4 26 77 OPEN BANKING PLATFORMS 1350 OPEN BANKING API PRODUCTS 182 % ANNUAL GROWTH RATE ASIA-PACIFIC OPEN BANKING API PLATFORMS AND THEIR API PRODUCTS, Q3 2020 (N=61 PLATFORMS) PLATFORMS: 17 out of the top 20 Asian banks by market cap (85%) have open banking platforms. PRODUCTS: In 2017, the Monetary Authority of Singapore published leadership thinking that described a comprehensive taxonomy of bank API functionalities. Many banks across the Asia Pacific reflect this model by providing granular APIs that expose specific capabilities. As a result, banks in Asia Pacific average 17 API products per bank, with some banks having a small number of open APIs and a handful of banks publishing 100 or more. SUMMARY Platforms Products

• Cover
• About the Authors
• Foreword
• Executive Summary
• Global Open Banking Platforms and Products
• Region: EUROPE & SCANDINAVIA
• Region: UK
• Region: NORTH AMERICA (USA & CANADA)
• Region: LATIN AMERICA
• Region: ASIA PACIFIC
• Region: MIDDLE EAST & AFRICA
• Promising Practices from 20 Open Banking Leaders
• Fintech using open banking APIs can benefit everyone
• The Open Banking Fintech Ecosystem
• The viability of fintech
• Four models of fintech partnership
• Promising practices emerging from Fintech using Open Banking APIs
• The benefits of open banking for consumers
• Individual and household consumers
• Small and medium enterprises (SMEs)
• Enterprises
• Low income consumers, including small businesses, in higher income countries
• Is open banking helping the underserved?
• Open Banking Regulations in 2020
• Emerging Standards
• API Specifications
• API Standards
• Other common standards being used in API design
• Security as a first order concern
• Common technologies used in managing security of open banking APIs
• Building Resilience in an Age of Transformation
• Why open banking?
• Banks have avoided some emerging threats
• Meanwhile, 2020 has brought new threats to banks
• And some the key threats remain the same
• A shakeup is coming in the Age of Transformation
• Conclusion
• Acknowledgements
• Methodology
• References