BIAN Adoption & Change eLearning
Lesson: Open Banking
Who is this course for
This BIAN Awarness and Change Agent course is intended for professionals who work in banks and that aspire to help their banks become more Agile by leveraging the Banking Industry Architecture Networks (BIAN).
This eLearning course will provide guidance on how BIAN can be applied. It’s less about the BIAN architecture or management approach, and more about how you can adopt or apply it within an organization, and what teams, structure and professionals you can best leverage.
What to expect
This eLearning course is a set of lessons that will help you to manage insights on BIAN, such as its benefits, and how to implement it and adopt it. Where to start, and how best to demonstrate success. What pitfalls can be expected and how to best overcome these.
In this lesson:
- Gain insights from industry experts on the latest banking models and BIAN’s role in them.
- Learn how to effectively communicate the technological and operational shifts driving the future of finance to your C-level executives.
- Understand the strategic advantages of designing and implementing BIAN-compliant digital products that can evolve with market demands.
- Discover the next steps to help your organization with its BIAN adoption.
In this course (itinerary)
- Module 00: What is BIAN?
- Module 01: Why BIAN is applied in organizations
- Module 02: The Benefits of using BIAN
- Module 03: What is the BIAN journey for organizations
- Module 04: What do you need to apply BIAN? (coming soon)
- Module 05: Who do you need to apply BIAN? (coming soon)
- Module 06: What is already there to enable BIAN adoption? (coming soon)
Digital Banking
Understand how financial institutions are revolutionizing their operations through digital channels, ensuring seamless onboarding, efficient operations, and superior after-sales services.
They are organizations that enable the management of the entire operational chain of the product (On Boarding / Operation / After Sales) through digital channels.
- The entire On Boarding/Operation and After Sales chain is done through the bank’s digital channels.
- Rules are defined, operated and updated in the bank’s systems.
- Operations are integrated “1 to 1” with the bank’s backend systems.
- The flows (both On Boarding and After Sales) are carried out by the bank.
Open Banking
Discover how integrating third-party channels and marketplaces can drive innovation and collaboration, and how to present these opportunities to your C-Level executives.
These are organizations that allow access to certain operational information on products/services through third-party channels or marketplaces.
- The entire On Boarding and After Sales chain is done through the bank’s digital channels.
- Rules are defined, operated and updated in the bank’s systems.
- The operations of a product are permitted to be used by third parties
- Operations are integrated “1 to 1” with the Bank’s backend systems.
- The flows (both On Boarding and After Sales) are carried out by the bank.
Open Finance
Learn about the embedded banking model, where third parties offer transparent financial products and services while banks maintain operational control, and how to communicate the strategic importance of this model.
These are financial products or services that can be offered transparently by a third party to the financial organization (retail, manufacturing, fintech, among others), but where the operational control of the product is by the bank.
- The entire On Boarding and After Sales chain is done through third party channels.
- The product works in an “Embedded Banking” model.
- Rules are defined, operated and updated in the bank’s systems.
- All On Boarding/Operation/After Sales is done through third parties.
- Operations are DECOUPLED from the bank’s systems.
Neo Banking
Explore the collaborative models that combine financial and non-financial organizations, sharing operational tasks to create flexible and innovative financial products, and learn how to advocate for these changes at the executive level.
These are financial products or services created in combination with any financial or non-financial organization by combining the capabilities of the different organizations and sharing operational tasks in the product.
- The entire On Boarding and After Sales chain is managed in a mixed manner by multiple parties.
- The product works in a Neobanking model.
- The rules are defined, operated and updated by the different stakeholders.
- All On Boarding / Operation / After Sales is performed by the domain owner.
- The operations are DECOUPLED from the bank’s systems using business domains.
Adaptive Neobanking
Dive into the future of banking with adaptive solutions that leverage real-time analytics, machine learning and AI to dynamically adjust financial services, and how to present these advancements to your C-suite.
These are financial products or services that can adapt their operation in real time based on advanced ML and AI analytics.
- The entire On Boarding and After Sales chain is managed in a mixed manner by multiple parties.
- The product works in a Neobanking model.
- The rules are defined, operated and updated by the different stakeholders and change according to the evolution of the product.
- All On Boarding/Operation/After Sales is performed by the domain owner.
- The operations are DECOUPLED from the bank’s systems using business domains.
Take the next step with BIAN
Play Digital Consulting, co-author of this page
Play Digital Consulting is a cutting-edge digital consultancy that specializes in integrating unique elements and philosophies inspired by the LEGO® model. This approach encompasses principles like Cognitiveness, Digital CoWorking, and Decoupling, among other concepts, positioning them as global leaders in these areas. Founded with the challenges and experiences of the digital transformation and vision of the LEGO® group in mind, Play Digital Consulting has crafted a comprehensive framework of methodologies, techniques, and capabilities. This foundation has led to the consultancy being regarded as one of the pioneering firms in the sector, operating from its headquarters in Madrid, Spain, and serving clients worldwide since its establishment in 2017.
