Marcus Martinez, Director of Open Banking at CGI discusses how Open Banking can help banks to use the same language to create a standardised landscape to exchange data, leading to better management of complexity.

MODERNISING PAYMENTS

Change is inevitable as banks explore opportunities for leveraging open APIs to extend and transform their business models. This exploration is fuelled by increasing pressures from customers, competitors and regulators —pressures that are driving innovation and opportunities within financial services.

CGI works with the world’s leading banks, helping them transform their businesses in the new world of open banking. We have more than four decades of experience and a successful track record across the retail banking, corporate and transaction banking, and capital markets sectors. CGI offer a full spectrum of services and solutions, a proven global delivery model, and a strong commitment to quality with exceptional delivery capabilities.

Open banking

CGI’s Open Finance offering provides an accelerator for the digital transformation of the financial sector, bringing the ability to integrate traditional organisations and FinTechs into new offerings for their clients. Our Open Finance platform offers integration both externally, using our third party enrolment portal, and internally using our API orchestration service allowing organisations in the financial sector to drive towards a flexible platform strategy while leveraging their existing systems and services.