Issue link: https://recursos.axway.com/i/1321495
29 Open Banking APIs State of the Market Report 2020 OPEN PLATFORMS PARTNERSHIP PLATFORMS INCUBATORS AND ACQUISITIONS BANKING-AS-A -SERVICE Open banking platforms with a catalogue of APIs available to test and use by any fintech (Production use must be approved by the bank) Banks seek out fintech partners with non-competitive products and use partner APIs with selected fintech to extend product range to their customers Banks offer a pool of funding to early stage startups to help them build new products and mentor/advise them along the way. Banks acquire existing fintech in order to extend their API capabilities or infrastructure Banks provide full range of white-labelled core functionalities in order for fintech and enterprises to build their own customer-facing bank offerings built on the bank's infrastructure Partnership APIs Private APIs Open APIs FOUR MODELS OF FINTECH PARTNERSHIP There are four main models that demonstrate how banks are working with fintech using APIs.