The March 2022 Aite-Novarica Group report on Commercial Open Banking in Practice serves as a guide for commercial banks and fintech partners to navigate and implement open banking ecosystems. It details the components of the ecosystem—data access, transformation, delivery, and foundation—along with the technologies, APIs, consent management, security, and analytics supporting them. The report addresses regulatory differences, liability frameworks, and customer data protection. It provides strategic recommendations for banks of varying sizes, emphasizing collaboration with fintechs, leveraging APIs for value-added services, and aligning infrastructure investments with open banking opportunities.

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