Finextra: Open Banking and the Benefits for Financial Institutions and Corporates

Interview with Jürgen Schneider, CFO and Managing Director of ONPEX, and Finextra about the opportunities and challenges of Open Banking, the digital transformation of the payments and banking industries and how corporates can benefits from these changes at Money2020 EU 2019 in Amsterdam.

Open Banking and Digital Transformation

During our attendance at Money2020 EU, our Managing Director shares his point of view with Finextra on Banking Transformation and Open Banking. Jürgen discusses the trends that are currently evolving, how these trends are completely redefining the customer experience and what opportunities PSD2 brings to the payments and banking markets.

Benefits for Financial Institutions and Corporates

Open Banking and next-generation financial solutions bring major benefits to financial institutions and corporates alike. For instance, using the financial services of a highly specialised cloud-based Banking*-as-a-Service supplier, such as ONPEX, clients are able to launch their own financial products with a faster time to market, a full focus on the customer experience and a reduction of complexity. Jürgen, highlights further three major advantages of Open Banking.

Entering the European Market and Navigating through Regulation

The regulatory complexity of the European Market is often considered as an obstacle for many international companies aiming to expand their services to Europe. However, Jürgen demonstrates a simple way how to overcome this.

Find the interview on Finextra, also here.

Notes to Editor
About Jürgen Schneider

Jürgen Schneider is one of the Managing Directors of ONPEX S.A. He is passionate about cloud-based technology and its potential to redefine banking. Jürgen has years of experience in Fintech and Financial Services (J.P.Morgan, ACI Worldwide).

About ONPEX

ONPEX helps businesses build their own financial services. We provide multi-currency IBAN accounts, FX, local and global transfers, and ePayments powered by open APIs to create simple, compliant, and cost-efficient payment and banking solutions.