While Open Banking will signal huge opportunity for the financial industry, there is also an assumption that sharing data will pose numerous threats to a business, be they security centered or the threat of increased competition in the field. However, these fears can be mitigated with a strategically planned data strategy and infrastructure. As Head of Open Banking at DBS Singapore, Jitendra has already begun rolling out Open Banking initiatives in the Asian market and here will be able to shed light upon the necessary steps to ensure data infrastructure, governance, culture and operations all align to create a high functioning Open Banking program within any regulatory environment.
- Constructing a robust data infrastructure that allows accelerated open banking transformation
- Governance: how to successfully comply with regulations while drawing value from OB
- Culture: having a dedicated OB team and top-down advocacy
- Adapting operations and team structures to support partners and collaborative relationships
Head of Open Banking/APIs (Partnership & Program)