{
  "docId": "019dd923-5e88-73ef-bd58-07b375a7cd5b",
  "docSlug": "335ba522863769dc",
  "documentTitle": "Banking and capital markets trends 2020: Laying the foundations for growth",
  "authorId": "PwC",
  "authorName": "PwC",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.414,
  "pageNumber": 39,
  "pageCount": 88,
  "prevPage": 38,
  "nextPage": 40,
  "slideType": "industry_trends",
  "function": "establish_context",
  "density": "dense",
  "nDataPoints": 0,
  "notes": null,
  "elementsJson": [
    "headline_text",
    "paragraph",
    "bullet_list",
    "photo"
  ],
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd58-07b375a7cd5b/39",
  "deckHref": "/decks/019dd923-5e88-73ef-bd58-07b375a7cd5b",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd58-07b375a7cd5b.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd58-07b375a7cd5b#slide-39",
  "components": [
    {
      "bbox": {
        "h": 0.75,
        "w": 0.45,
        "x": 0.52,
        "y": 0.22
      },
      "kind": "image",
      "text": null,
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "89af7986-bd43-4e1d-a713-3f6e97a85229",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.45,
        "x": 0.05,
        "y": 0.82
      },
      "kind": "list",
      "text": "Internal audit focus areas\n- Open Banking demands a more holistic and customer-focussed response from internal audit that extends beyond implementation of regulations such as those under PSD2.\n- Open Banking principles should be assessed for compliance across multiple areas such as product governance and customer communications to ensure that Open Banking works to benefit customers generally.\n- Data management and security controls and policies.\n- In addition, how third party relationships are managed to ensure access to customers' data is allowed without discrimination or restriction.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2d08eb7f-54c6-459f-a23b-ad32c9f601ab",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.45,
        "x": 0.05,
        "y": 0.55
      },
      "kind": "list",
      "text": "Key risks\n- Whilst the FCA has publicly urged firms to adopt the common standards under Open Banking it acknowledges the potential conduct risk challenges arising from Open Banking.\n- It expects all firms within the payments ecosystem to put fair treatment of customers at the heart of their business models and be aware of their broader obligations under data protection and consumer protection laws.\n- Firms must educate customers in protecting themselves from fraud risk and provide balanced information that does not seek to dissuade customers from using third party providers.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "950e59e3-6057-43ee-a824-925c89d0cd5f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.45,
        "x": 0.05,
        "y": 0.48
      },
      "kind": "paragraph",
      "text": "The FCA also has plans to apply Open Banking principles, such as on data sharing, across financial services more generally.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "15c2c75d-5570-40bd-951f-dffa247c01e0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.45,
        "x": 0.05,
        "y": 0.22
      },
      "kind": "paragraph",
      "text": "Open banking – Application programming interface\nOpen Banking is a secure way for bank customers to share their banking data with trusted third parties and benefit from better financial management tools and tailored product offerings.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d1099e79-1ec3-4a33-827c-ba09ed982fc8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.45,
        "x": 0.05,
        "y": 0.35
      },
      "kind": "paragraph",
      "text": "The Open Banking Implementation Entity (OBIE) was established to develop application programming interfaces (APIs) providing open access to banking data and so limiting the competitive advantage of the UK's 9 largest current account providers. The OBIE APIs and standards are also now being adopted more widely by the UK banking industry.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d597bead-c708-467b-b89a-e50b749089b3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.4,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "Emerging technology (4/5)",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1b0c650f-c17a-45cf-858d-6a26d497d50a",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "List presentation",
      "slug": "list-presentation",
      "agent": null,
      "layer": "slide",
      "matchId": "f361b684-60e1-42b5-98dd-105723896b46",
      "evidence": "The slide contains list/bullet components with 'Internal audit focus areas' and 'Key risks'.",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 66,
      "from": 18,
      "beatId": "88b6734e-092d-4991-8706-5639248f97fb",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Evidence",
      "beatSlug": "evidence",
      "evidence": "The document provides evidence and analysis on various topics, including governance, risk management, and regulatory compliance.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}