Open API Day 2023

RBI CEO Johann Strobl opened the event with a welcome speech and emphasized the importance of open banking and embedded finance as well as common concerns. He reiterated RBI's commitment to Open APIs and customer centricity as a success factor in the financial industry.

Andrii Stepanenko, Board Member for Retail, welcomed participants via video message and encouraged the use of the event as a springboard for collaboration within the company and the creation of an agile, customer-centric culture. Mathias Fanschek, new Head of Retail Strategy and Transformation, emphasized the importance of customer centricity, adaptability and collaboration with fintechs and other ecosystem players.

Sudip Khan, Open Banking Leader in RBI, spoke about the crucial role of corporate culture and cross-departmental collaboration for an agile organization that puts the needs of customers first. He emphasized the need for a radically different mindset in terms of new business models in order to participate in the platform economy.

Another focus of the event was the importance of embedded finance in transforming the industry. Embedded Finance is a key driver for connected customer experiences, innovation, new distribution channels and partnerships. RBI presented its latest solutions and innovations in Open Banking and API-driven services.

Notable guest speakers included Panagiotis Kriaris (Unzer), Philipp Buschmann (AAZZUR), Martin Damaske (AAZZUR), Mounaim Cortet (INNOPAY), Katharina Luschnik (Mastercard), Alex Mifsud (Weavr.io), Enzo Orsi (PwC).

Key learnings from the event were that adaptability and customer centricity are key to success in the financial industry and Open APIs can drive innovation in these areas. Collaboration and partnerships with fintechs and ecosystem players can lead to greater innovation and success in the industry. For a successful transition to embedded finance, it is critical to establish a culture that focuses on people and encourages collaboration between different departments. RBI is successfully leading the industry in this transition, as shown by progress in INNOPAY's Open Banking Monitor.