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What is platform banking?
Platform banking is all about working with partners at scale. It's not about collaboration with just one
partner, but hundreds and even thousands of partners eventually. It means that a bank needs to
externalize plenty of its services.
The first step is opening up APIs. And the second step, which is often missed, is about externalizing the
operations of the bank.
Banks need to be ready to externalize operations around compliance, payments, operations, risk
management and also service partners at the same time. When it comes to platform banking, it's not
only about customer servicing. Banks need to be able to service partners and ensure connectivity and
resiliency, all at scale.
As a platform bank progresses, the ability to dynamically share revenues at scale through domain-
specific standardized commercial structures is very important for business sustainability and to ensure
operational efficiency. This, essentially, is what can make or break the ability of a bank to be effective with
digital partnerships at scale, and platform banking is really all about digital partnerships.
CONTENTS
01 | What is platorm banking?
02 | Open banking: The interoperable API
03 | Banking-as-a-Service:
The white-labeled banking moment
04| Banking marketplace:
The network-effect moment
05 | Banking-as-a-Platform:
Leverage innovation capacity of
ecosystems
01
