Open banking : repositioning of European financial institutions

In this essential, Markus Bramberger examines the development of open banking and its products in Europe. The author answers specific questions about possible substitution scenarios with regard to traditional - non-opening - financial institutions. Against the background of this challenging, risky, but also opportunity-generating time in the financial sector, the reader acquires a focused knowledge of open banking and FinTech topics. This Springer essential is a translation of the original German 1st edition essentials, Open Banking by Markus Bramberger, published by Springer-Verlag GmbH Germany, part of Springer Nature in 2019. The translation was done with the help of artificial intelligence (machine translation by the service DeepL.com). A subsequent human revision was done primarily in terms of content, so that the book will read stylistically differently from a conventional translation. Springer Nature works continuously to further the development of tools for the production of books and on the related technologies to support the authors. The contents: Reasons for opening up the banks - Operational open banking? - Pros and cons of bank opening - Opportunities, risks and challenges due to new framework conditions. The target groups: Lecturers and students from the fields of financial management, economics, business education, economics, European law Actors, teaching and learning banking experts from the areas of operational payment transactions, IT, product development and software as well as EU legal experts