Open banking: A bibliometric analysis-driven definition.
"Open banking," as a concept, was initially developed by a UK regulation to foster competition in banking through sharing client data (with their consent) amongst competitors. Today, it is regulated in several most relevant banking jurisdictions. Despite its growing relevance, consensus ab...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Public Library of Science (PLoS)
2022-01-01
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| Series: | PLoS ONE |
| Online Access: | https://doi.org/10.1371/journal.pone.0275496 |
| _version_ | 1811341435953217536 |
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| author | Gorka Koldobika Briones de Araluze Natalia Cassinello Plaza |
| author_facet | Gorka Koldobika Briones de Araluze Natalia Cassinello Plaza |
| author_sort | Gorka Koldobika Briones de Araluze |
| collection | DOAJ |
| description | "Open banking," as a concept, was initially developed by a UK regulation to foster competition in banking through sharing client data (with their consent) amongst competitors. Today, it is regulated in several most relevant banking jurisdictions. Despite its growing relevance, consensus about the definition of open banking is lacking. This study examines 282 articles on open banking using bibliometric clustering techniques. Moreover, within the 282 articles and applying discourse analysis, we analyze 47 idiosyncratic definitions of open banking to test an integral framework that supports our proposed definition of the concept. Our study contributes to the literature by providing a generalized multidisciplinary definition of open banking. It identifies four main drivers behind the concept: business model change, client data sharing, incorporation of technological companies (fintechs and others), and regulation. These four elements, which should be considered in new regulations in the globalized banking sector, foresee open banking as a critical enabler of a new strategic dynamic in banking. |
| first_indexed | 2024-04-13T18:56:15Z |
| format | Article |
| id | doaj.art-3702e7ef4b5b4ed1bc21f00ebb31c27e |
| institution | Directory Open Access Journal |
| issn | 1932-6203 |
| language | English |
| last_indexed | 2024-04-13T18:56:15Z |
| publishDate | 2022-01-01 |
| publisher | Public Library of Science (PLoS) |
| record_format | Article |
| series | PLoS ONE |
| spelling | doaj.art-3702e7ef4b5b4ed1bc21f00ebb31c27e2022-12-22T02:34:15ZengPublic Library of Science (PLoS)PLoS ONE1932-62032022-01-011710e027549610.1371/journal.pone.0275496Open banking: A bibliometric analysis-driven definition.Gorka Koldobika Briones de AraluzeNatalia Cassinello Plaza"Open banking," as a concept, was initially developed by a UK regulation to foster competition in banking through sharing client data (with their consent) amongst competitors. Today, it is regulated in several most relevant banking jurisdictions. Despite its growing relevance, consensus about the definition of open banking is lacking. This study examines 282 articles on open banking using bibliometric clustering techniques. Moreover, within the 282 articles and applying discourse analysis, we analyze 47 idiosyncratic definitions of open banking to test an integral framework that supports our proposed definition of the concept. Our study contributes to the literature by providing a generalized multidisciplinary definition of open banking. It identifies four main drivers behind the concept: business model change, client data sharing, incorporation of technological companies (fintechs and others), and regulation. These four elements, which should be considered in new regulations in the globalized banking sector, foresee open banking as a critical enabler of a new strategic dynamic in banking.https://doi.org/10.1371/journal.pone.0275496 |
| spellingShingle | Gorka Koldobika Briones de Araluze Natalia Cassinello Plaza Open banking: A bibliometric analysis-driven definition. PLoS ONE |
| title | Open banking: A bibliometric analysis-driven definition. |
| title_full | Open banking: A bibliometric analysis-driven definition. |
| title_fullStr | Open banking: A bibliometric analysis-driven definition. |
| title_full_unstemmed | Open banking: A bibliometric analysis-driven definition. |
| title_short | Open banking: A bibliometric analysis-driven definition. |
| title_sort | open banking a bibliometric analysis driven definition |
| url | https://doi.org/10.1371/journal.pone.0275496 |
| work_keys_str_mv | AT gorkakoldobikabrionesdearaluze openbankingabibliometricanalysisdrivendefinition AT nataliacassinelloplaza openbankingabibliometricanalysisdrivendefinition |