A survey of IT responsibles at Swiss banks presented in the study shows that the pressure to open up bank interfaces to FinTechs is still relatively low. Similarly, the obstacles cited are diverse and revolve mainly around high costs and effort, as well as concerns about IT security and the lack of standardization. However, new comprehensive platforms such as bLink from SIX greatly simplify access to Open Banking and, as exemplified by bLink, are already being used increasingly by Swiss banks.
Find out more. As a platinum sponsor, SIX provides you with the "IFZ FinTech Study 2021".