Page 269 - Bank Case Studies

Ref : (3)

“After two decades of policy responses the sector is not

only more concentrated but also homogeneous,

dominated by financialized organisations focused on

sustaining high rates of return on equity.” (2)

At some point or another, most large companies had built

an Application Programming Interface (API) for their

customers, or for internal use. However, UK banking had

little in the way of APIs for retail or SME customers.

It may be argued that the lack of innovation in UK banking

had led to a lack of finance technology leadership unlike for
example, Germany which was developing a Home Banking

Computer Interface (HBCI) or Financial Transaction Services

(FinTS) sector.

No
= No Innovation

Competition

Also

No
No
= Investment in
Competition
Technology