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BJSS Whitepaper

Open Ecosystems Will Become Ingrained In The Industry

As the financial landscape evolves, open ecosystems are rapidly encouraging collaboration, disrupting value chains, and giving rise to new business models.

With risks such as falling behind competitive challengers and failing to comply with new regulations, it becomes crucial for Financial Services organisations to strategise open ecosystems that align with their technical capabilities and ambitions. 

Download The Whitepaper
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About the White Paper

While fast-moving incumbents can seize the chance to form ecosystems and leverage partners' solutions to fill capability gaps, those who lag behind risk missing out on fresh revenue prospects and falling behind on regulations.

In this white paper, we highlight the power of collaboration, innovative revenue opportunities, and the strengthening of digital challengers through data sharing. We will guide you through the process, exploring legacy app modernisation, open API development, and integration solutions.

We cover:

  • How open ecosystems are transforming the industry, forming partnerships, and plugging capability gaps.
  • Accessing more customer data to enable hyper-personalised products and broader appeal to a wider set of customers.
  • Challenges in legacy system constraints, integration hurdles, uncertainty about ecosystem participation, and more.