November | 2020
Client Background:
Client: The client is a part of a consortium of the nine largest banks in the UK.
Industry: Banking
Areas of Operation: UK
Challenge:
As determined by the Competition and Markets Authority (CMA), banks were expected to comply with the Open Banking UK initiative. The bank wanted a partner to deliver Open Banking Release-4 across AISP, PISP, and Commercial business within the regulatory timelines in an outcome-based model, with an additional constraint that the R4 specification from the regulator was not finalized.
Solution:
Business Impact:
Payments system transformation can enhance bank and customer relationships, as well as create new revenue streams.
Cash Management and Payments systems in Emerging Markets : Opportunities and Challenges
Never before have banks been subject to such high levels of scrutiny from their customers.
© 2021 Wipro Limited |
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© 2021 Wipro Limited |
Pharmaceutical & Life Sciences