Businesses expect their financial institutions to seamlessly connect with the tools they already use—from ERPs to payment platforms. Open banking enables that connectivity, while open finance extends it across a broader ecosystem of financial data, platforms, and services. The result? A shift from fragmented experiences to fully integrated financial workflows—and a major opportunity for banks to become the center of their customers’ financial lives.
This new Cornerstone research, commissioned by Ninth Wave, highlights where banks are leaving commercial banking revenue on the table today and outlines six distinct opportunities to monetize open banking and open finance—from cash flow-based lending and faster credit decisions to payment initiation, multi-bank data aggregation, and fee income from API access.
