Learning Objectives:

  • Understand the open banking ecosystem and its key stakeholders.

  • Analyse the value chain of open banking.

  • Understand the governance and oversight of open banking ecosystems.

4.1 The Open Banking Ecosystem

The HKIB syllabus covers “Open API ecosystem” as a core topic . The Uphilos course covers “Key components of a digital banking ecosystem,” including “Core layers and capabilities,” “Internal vs. external value creation,” and “Ecosystem maturity assessment” .

Key Stakeholders:

  • Banks and Financial Institutions: The HKIB syllabus covers “Digital Banking powered by an API led Architecture” .

  • Third-Party Providers (TPPs): The HKIB syllabus covers “The HKAB common baseline for TSPs” .

  • Technology Providers: The GIFT IFI course covers “BaaS Platforms and Ecosystem Enablers” .

  • Regulators: The EUI course covers “customer protection and regulation (PSD2, FIDA)” .

  • Consumers: End users of open banking services.

4.2 Open Banking Value Chain

The Uphilos course covers “Internal vs. external value creation” and “Distinguish between capabilities built in-house and those sourced from ecosystem partners, and understand when each approach is most effective” .

Key Value Chain Elements:

  • Data Access: The HKIB syllabus covers “Open Banking and Open API” .

  • Data Sharing: The EUI course covers “The role of digital identity in Open Finance” .

  • Product Development: The HKIB syllabus covers “Open Innovation, Open Collaboration” .

  • Service Delivery: The Uphilos course covers “Ecosystem maturity assessment” and “learn how to assess your current level of digital banking maturity and ecosystem readiness to identify transformation priorities” .

4.3 Ecosystem Governance and Oversight

The HKIB syllabus covers “Open Government – Directives and Policies” . The Uphilos course covers “Build a practical transformation roadmap, including governance, operating model, and change management elements” .

Key Governance Elements:

  • Regulatory Framework: The EUI course covers “customer protection and regulation (PSD2, FIDA)” .

  • Standards: The HKIB syllabus covers “The HKAB common baseline for TSPs + examples” and “The HKAB phase III standards” .

  • Data Protection: The EUI course covers “data custody requirements” and “privacy, financial inclusion and discrimination” .

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