Join the Open Banking Revolution

Transformation is happening at a breathtaking pace

Course 1: An Industry Overview of Open Banking covers the fundamentals of Open Banking and explores its implications for the financial services industry. 

The course highlights how Open Banking is transforming the industry’s business models through a comprehensive analysis of platform business models and ecosystems. The key risks, challenges, and opportunities of Open Banking are also addressed, supported by an overview of the relevant regulations and the function of new technologies. 

This course is the first of five courses in the Open Banking and Platforms in Finance Specialisation, which is designed to equip you with a comprehensive understanding of how Open Banking is transforming traditional business models in finance.


WHY LEARN ABOUT OPEN BANKING?

  • It is a global market that generated $7.29 billion in 2018, and is expected to reach $43.15 billion by 2026 — a market worth knowing about.
  • It is a model that creates a significant market opportunity and is disrupting the financial services landscape.
  • It is a revolutionary model that is transforming the banking industry and driving innovation across all players.


Learning Outcomes:

  • Learn about Open Banking and how the business model can be enabled through a platform ecosystem

  • Understand how Open Banking is transforming competition in the industry and explore the impact on traditional incumbents, new entrants, and regulators

  • Comprehend the new risks and opportunities presented by Open Banking

  • Explore how Open Banking strategies are developed and executed through real-life case studies from the industry

Paul Rohan

Learn from an experienced practitioner

Paul Rohan is a researcher in Open Banking and a Google (Apigee) solutions consultant. He specializes in examining the impact of the API Economy and Digital Ecosystems on banking industry growth, market structures and bank governance. Paul is the author of "PSD2 in Plain English" and "Open Banking Strategy Formation". Google (Apigee) is recognized as a Leader in the Gartner Magic Quadrant for Full Life Cycle API Management. Paul specializes in working with financial C-Suites globally, examining the potential impact of the API Economy and Digital Ecosystems on banking industry growth, market structures and bank governance.

Paul Rohan

Head of Business Strategy Solutions Consultant at Google Cloud Apigee & Google

Global Industry Experts

Learn from

Course Curriculum

  • 01

    Welcome to Course 1 in the OBP Specialisation!

    • Welcome to An Industry Overview of Open Banking

    • A Message from OBP Program Directors!

    • Course Handbook | Introduction & Overview

    • Interact with CFTE & OBP Learners

    • Join Our Community at CFTE!

    • Preliminary Survey - Getting Started

    • Preliminary Survey - Your Understanding

    • Course Handbook | Glossary

  • 02

    Chapter 1: Introduction to Open Banking and Platforms

    • ━━ SENIOR LECTURER ━━

    • Course Handbook | Chapter 1

    • 1.1 What is Open banking?

    • 1.2 What are Platforms?

    • 1.3 Platforms vs. Vertical Business Models

    • 1.4 Impact of Open Banking and Platforms on Finance

    • Quiz

    • ━━ INDUSTRY EXPERT ━━

    • ━━ INDUSTRY EXPERT ━━

    • ━━ CHAPTER READINGS ━━

  • 03

    Chapter 2: Impact of Platforms on Financial Services

    • ━━ SENIOR LECTURER ━━

    • Course Handbook | Chapter 2

    • 2.1 Historical Trends in Financial Services

    • 2.2 Fundamentals of Traditional Retail Banking

    • 2.3 Credit Cards as Early Platform Businesses

    • 2.4 The Open Banking Effect: Competition

    • 2.5 The Open Banking Effect: Customer Relationships

    • Quiz

    • ━━ INDUSTRY EXPERT ━━

    • ━━ CHAPTER READINGS ━━

  • 04

    Chapter 3: Regulation and Risk Management

    • ━━ SENIOR LECTURER ━━

    • Course Handbook | Chapter 3

    • 3.1 Key Risks for Financial Services

    • 3.2 Key Risks for New Entrants

    • 3.3 Open Banking Risks: Disintermediation, Technology & Partnerships

    • 3.4 Open Banking Risks: Economic, Legal & Security

    • 3.5 Managing Open Banking Risks

    • Quiz

    • ━━ INDUSTRY EXPERT━━

    • ━━ CHAPTER READINGS ━━

  • 05

    Chapter 4: Implementing Open Banking

    • ━━ SENIOR LECTURER ━━

    • Course Handbook | Chapter 4

    • 4.1 Regulating Market Entry with Open Banking

    • 4.2 Entering Digital Ecosystems as Traditional Financial Institutions

    • 4.3 Entering the Market as New Players

    • 4.4 Measuring Performance with Open Banking

    • Quiz

    • ━━ INDUSTRY EXPERT ━━

    • ━━ CHAPTER READINGS ━━

  • 06

    Course Final Assessment

    • Final Assessment

  • 07

    Congratulations!

    • Congratulations

    • OBP Specialisation Overview

    • Explore More CFTE Specialisations & Courses

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