Introduction

Current progress on developing a comprehensive value model describing open banking/open finance ecosystems

Platformable's view of how value flows amongst stakeholders in the open banking/open finance ecosystem

Progress to date

At Platformable, we have:

• Defined the open banking value flow. Drawing on industry and academic research, as well as our own datasets and analytics techniques, we have documented how value flows to various stakeholders in an open banking ecosystem.

• Identified primary and supplementary metrics for ongoing measurement. We have identified each node in the ecosystem. We have defined a primary indicator/metric and secondary data points for each of these ecosystem nodes to measure their impact on generating and distributing value. We are also testing calculating scores for key components of the open banking ecosystem so that we can create scorecards and rankings of where open banking maturity is progressing.

• Created a regular data collection system. We now have processes in place to continually collect and monitor how value flows in the global open banking ecosystem.

• Analysed and shared data in regular formats. We are now in the process of creating analytics tools and products to share the data we are collecting. To start, we have created a new quarterly trends report product, which includes a quarterly data trends summary and monthly deep dives into industry practices (focusing on business models, use cases, and technical architectures).