Join the Industry's First Online Course on Open Banking

This is a part of the CFTE Open Banking and Platforms in Finance specialisation.

This course provides a comprehensive overview of how incumbent financial institutions are utilising Open Banking as a catalyst for their digital transformation. It will guide you through the development and execution of Open Banking strategies, addressing topics such as timing, business models and success factors.

After this course, you will be able to:

  • Understand the urgency for incumbent financial institutions to develop and execute a strategic plan to implement Open Banking
  • Analyse the different ways you can create value for customers through different modern tools and technologies
  • Examine the different business models enabled by Open Banking and how APIs can be monetised
  • Identify how incumbent banks can successfully take advantage of Open Banking capabilities and trends
  • Evaluate how Open Banking can be a catalyst for digital transformation in your organisation

We are offering an EARLY BIRD PROMOTION on all our Open Banking and Platforms in Finance courses. You can also enroll into our Specialisation to enjoy the FULL version.

Secil Watson

Learn from an experienced practitioner

Secil is an executive vice president and head of Digital Solutions for Business at Wells Fargo. She is a strategic and innovative leader with deep digital expertise and an incessant focus on the customer. She currently leads Commercial Electronic OfficeTM portal for Commercial Banking which transacts over $14tr payments annually, and the Wells Fargo Gateway for open banking APIs, which processed 1.6bn data calls in 2019. In her 17 years at Wells Fargo, Secil has transformed the bank digitally, managed key enterprise channels for consumers, businesses and commercial customers including and Commercial Electronic OfficeTM, and managed digital product P&Ls including Billpay.

Secil Watson

Head of Digital Solutions for Business at Wells Fargo

Global Industry Experts

Learn from

Course Information

Course Curriculum

  • 01

    Welcome to Course 3 in the OBP Specialisation!

    • Welcome to Business Models & Transformation of Incumbents

    • A Message from OBP Senior Lecturer - Secil Watson!

    • A Message from OBP Program Directors!

    • Course Handbook | Introduction & Overview

    • Interact with CFTE & OBP Learners

    • Join Our Community at CFTE!

    • Course Handbook | Glossary

  • 02

    Chapter 1: Why Open Banking now?


    • Course Handbook | Chapter 1

    • 1.1 Timing for Incumbents

    • 1.2 Driver 1: Regulatory Trends

    • 1.3 Driver 2: Digital Relevance

    • 1.4 Driver 3: Risk of Disintermediation

    • Quiz



  • 03

    Chapter 2: Business Models for Incumbents


    • Course Handbook | Chapter 2

    • 2.1 Open Banking APIs: Benefits & Monetisation

    • 2.2 Use Case 1: Data Aggregation

    • 2.3 Use Case 2: Payments

    • 2.4 Use Case 3: Value-Added Services

    • 2.5 Use Case 4: Neo-banks

    • Quiz



  • 04

    Chapter 3: Success Factors in Open Banking for Incumbents


    • Course Handbook | Chapter 3

    • 3.1 Strategic Planning

    • 3.2 Centralising Resources

    • 3.3 Customer-centric APIs

    • 3.4 Managing the Performance of APIs

    • 3.5 Using a Balanced Scorecard

    • Quiz



  • 05

    Chapter 4: Digital Transformation of Incumbents


    • Course Handbook | Chapter 4

    • 4.1 What is Digital Transformation?

    • 4.2 Ecosystem Partnerships

    • 4.3 Modernising Technology Architecture

    • 4.4 People, Processes and Cultural Change

    • Quiz


  • 06

    Course Conclusion & Final Assessment

    • Concluding Remarks from Secil!

    • Final Assessment

  • 07


    • Congratulations

    • OBP Specialisation Overview

    • Explore more CFTE Specialisations & Courses

What you will learn from the course

  • Understand the background and impacts of Open Banking, as well as the eventual adoption of the Platform Ecosystems by the finance industry

  • Adapt your business model to accommodate the Open Banking landscape with different dynamics between other firms and regulators

  • Develop an Open Banking implementation strategy for your business

  • Recognise the different types of services which emerged as a result of Open Banking

  • Comprehend the new risks and opportunities enabled by Open Banking and what the future holds in Open Finance and Open Data

  • Locate the right area of investment in technology and infrastructure to be ready and remain competitive in the Open Banking era

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