This high-level webinar panel will examine the impending Dodd-Frank Act Section 1033 rule, its role in shaping the U.S. Open Banking landscape, and its impact on financial institutions, fintechs, and consumers. As challenger banks gain traction and BAAS (Banking-as-a-Service) models accelerate, the urgency for traditional financial institutions to act has never been greater—failure to adapt risks disintermediation and market share erosion.

This session is a unique opportunity to engage with industry leaders, regulators, and global Open Banking pioneers, gaining insights into the offensive and defensive strategies that drive success in emerging digital markets. Whether navigating compliance, innovation, or strategic partnerships, this discussion will provide actionable intelligence on how to compete and thrive in the evolving financial ecosystem.

Key take aways from the Webinar

1. Carpe Diem! Act Now to Stay Ahead

🔴 Explore the rising competitive pressures from challengers, fintech disintermediation, and empowered digital consumers.
🔴 Dissect the urgency to act now by developing both defensive and offensive strategies to mitigate risks and capitalize on market growth.
🔴 Understand that delaying action may result in losing market share to larger players as the window of opportunity is closing fast.
🔴 Embed a culture of continuous learning and digital adaptability to thrive in the evolving marketplace.

2. Accelerate Growth Through Strategic Partnerships (Buy vs. Build)

🔴 Divulge insights from the UK CMA-9’s $20M initial investment in compliance, showcasing the high cost of building from scratch.
🔴 Discuss the importance of shifting focus from “pipes and plumbing” to investing in competitive differentiators that enhance customer engagement.
🔴 Explore how strategic partnerships can accelerate innovation, reduce time-to-market, and ensure agility in responding to regulatory and competitive pressures.

3. Differentiate Your Bank and Services

🔴 Understand the importance of owning the customer journey—identify where and how to attract new customers and optimize these channels for sustainable growth.
🔴 Dissect the impact of aggregators in commoditizing financial services and extracting value—how can you craft a distinctive, high-value proposition?
🔴 Explore opportunities to compete through personalization, data-driven insights, and superior user experiences that foster customer loyalty and differentiation.