JPMorgan Chase & Co.: Open Banking (Teaching note)

Teaching note - See case 'JPMorgan Chase & Co.: Open Banking' for full details

This case was developed for undergraduate, graduate, or executive courses that focus on the competitive impact of digital technologies. This could include courses on general information technology (IT) management or strategy, as well as more specialized courses on banking, financial services, or digital transformation and digitalized competition. After working through the case and assignment questions, students will be able to ·understand the concept of open banking and how it might impact competitive dynamics in the financial services industry, and why regulators and policy makers are enthusiastic about the idea; ·become familiar with technologies for sharing data, such as credentialed access (i.e., "screen scraping") and application programming interfaces (APIs), and their business advantages and disadvantages; ·analyze the competitive dynamics operating between banks and smaller, more agile third-party firms (fintechs)?including financial data aggregators?and, in the background, large and powerful tech platforms such as Amazon.com Inc., Apple Inc., and Google; ·think through the competitive implications for different parties (e.g., banks, fintechs) of different approaches to implementing open banking (e.g., bilateral deals versus industry-standard agreements and APIs); ·make a recommendation on how a major bank might respond in the face of a move to open banking; and ·consider the importance of regulatory frameworks in driving business change and the different means by which regulators might induce change (e.g., encouragement, mandates).

financial services; digital transformation; digitalization; platforms; fintech

Undergraduate/MBA

Finance and Insurance
United States
Large

Année de la problématique : 2021

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