Open Banking Toolkit

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Streamline and/or eliminate excess process in any area of the architecture, production operations environment, or business area where the same efforts (or issues) are repeated year over year.

More Uses of the Open Banking Toolkit:

  • Analyze and design data encryption and management strategies, roadmaps and solution architectures for new and existing business opportunities.

  • Ensure you need to analyse industry trends (technology and business driven) and data to communicate the strategic implications to your domain and service line teams.

  • Secure that your organization provides leadership in risk identification, key risk indicator identification, and risk mitigation strategies in the domain of technology management.

  • Be accountable for performing risk review and evaluating Business processes in conjunction with other ORM Business Operational Risk Management teams.

  • Ensure you understand the needs of the engineers and technical operations teams who have to build, maintain, and operate the system for the life of the system.

  • Be accountable for partnering with service providers across the enterprise to map out public APIs connectivity to the best suited service provider and data/process owners.

  • Govern: plan and manage a group of related technology projects or activities in a coordinated way from inception through successful delivery.

  • Orchestrate: network regularly and build relationships across risk disciplines and with businesses, operations and technology.

  • Guide: trade group relations - lead industry trade groups on behalf of plaid to involve your organization in industry level collaboration and conversation.

  • Collaborate with engineering leadership on all development efforts to ensure functional specifications evolve into tested, stable, scalable software.

  • Be accountable for understanding the complexities of the financial system, the current issues open banking and finance, data sharing standards, etc.

  • Communicate progress, anticipate bottlenecks, provide escalation management, identify, assess, track and mitigate issues/risks at multiple levels.

  • Devise: maintain a dedicated practice of commercial payments experts who serve large commercial banks and fintech partners in b2b payments.

  • Be certain that your organization engages business and technology managers to identify key control indicators and maintain effective and efficient continuous control monitoring processes.

  • Deliver innovative, cost effective technology solutions which align to enterprise architecture standards and achieve business requirements.

  • Manage the portfolio like a product (business plan, positioning, buying process, market requirements and marketing plan) and collaborate with development.

  • Organize: work closely with product and devops teams to ensure and improve the interoperability of your products over time.

  • Evaluate the design of process flows to help technology and business managers understand the impact of control weaknesses to digital service delivery capability.

  • Establish a pricing model, schedules, guidelines and procedures and determine the most effective way to deliver a complete solution to an identified market problem.

  • Ensure your focus on driving revenue growth, profitability, solution development, delivery excellence, customer / employee satisfaction with existing and new retail banking clients.

  • Systematize: continuously improve team productivity, refine agile processes, and create methods to increase efficiency.


Save time, empower your teams and effectively upgrade your processes with access to this practical Open Banking Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any Open Banking related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated Open Banking specific requirements:

STEP 1: Get your bearings

Start with...

  • The latest quick edition of the Open Banking Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.

Organized in a data driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…

  • Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

Then find your goals...

STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 991 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Open Banking improvements can be made.

Examples; 10 of the 991 standard requirements:

  1. How do you ensure that your internal stakeholders and innovation decision-makers, and employees more generally, are aware of internal data and external data products that some can leverage?

  2. What good are Open Banking functionalities and tools offering real-time information and the ability to immediately initiate payments, if actual payment processing is slow and unpredictable?

  3. Does your organization calculate interest on the full amount of principal in the account each day by use of either the daily balance method or the average daily balance method?

  4. How could your organization go from free to fee to restore its profitability and without stalling its growth and compromising the no-fee promise it had made to customers?

  5. How could participating/drawing on communities of practice regarding standardization of processes/ frameworks to facilitate open data encourage learning and engagement?

  6. How and where should Open Banking consent be mastered, and to what extent should it be integrated with the API, customer, core system or digital and assisted channel?

  7. What are the costs likely to be for banks, or other financial services organizations and providers of credit, developing an open API standard in banking?

  8. Will financial professionals be successful in convincing organizations senior management that investing in electronic payment alternatives is necessary?

  9. What business models can banks adopt in an Open Banking environment Ð and what will it take for them to make a success of chosen approach in practice?

  10. How will the Open Banking system collectively address the efforts associated with Open Banking to incentivize all parties to proactively participate?

Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:

  • The workbook is the latest in-depth complete edition of the Open Banking book in PDF containing 991 requirements, which criteria correspond to the criteria in...

Your Open Banking self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:

  • The Self-Assessment Excel Dashboard; with the Open Banking Self-Assessment and Scorecard you will develop a clear picture of which Open Banking areas need attention, which requirements you should focus on and who will be responsible for them:

    • Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
    • Gives you a professional Dashboard to guide and perform a thorough Open Banking Self-Assessment
    • Is secure: Ensures offline data protection of your Self-Assessment results
    • Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:


STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Open Banking projects with the 62 implementation resources:

  • 62 step-by-step Open Banking Project Management Form Templates covering over 1500 Open Banking project requirements and success criteria:

Examples; 10 of the check box criteria:

  1. Stakeholder Management Plan: Are best practices and metrics employed to identify issues, progress, performance, etc.?

  2. Procurement Audit: Were standards, certifications and evidence required admissible?

  3. Responsibility Assignment Matrix: Are control accounts opened and closed based on the start and completion of work contained therein?

  4. Project or Phase Close-Out: Who are the Open Banking project stakeholders and what are roles and involvement?

  5. Issue Log: In classifying stakeholders, which approach to do so are you using?

  6. Procurement Audit: Are there appropriate controls in place to ensure that procurement complies with the relevant legislation?

  7. Quality Management Plan: How many Open Banking project staff does this specific process affect?

  8. Issue Log: Are the Open Banking project issues uniquely identified, including to which product they refer?

  9. Procurement Management Plan: Is the assigned Open Banking project manager a PMP (Certified Open Banking project manager) and experienced?

  10. Activity Duration Estimates: What are the largest companies that provide information technology outsourcing services?

Step-by-step and complete Open Banking Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:

  • 1.1 Open Banking project Charter
  • 1.2 Stakeholder Register
  • 1.3 Stakeholder Analysis Matrix

2.0 Planning Process Group:

  • 2.1 Open Banking project Management Plan
  • 2.2 Scope Management Plan
  • 2.3 Requirements Management Plan
  • 2.4 Requirements Documentation
  • 2.5 Requirements Traceability Matrix
  • 2.6 Open Banking project Scope Statement
  • 2.7 Assumption and Constraint Log
  • 2.8 Work Breakdown Structure
  • 2.9 WBS Dictionary
  • 2.10 Schedule Management Plan
  • 2.11 Activity List
  • 2.12 Activity Attributes
  • 2.13 Milestone List
  • 2.14 Network Diagram
  • 2.15 Activity Resource Requirements
  • 2.16 Resource Breakdown Structure
  • 2.17 Activity Duration Estimates
  • 2.18 Duration Estimating Worksheet
  • 2.19 Open Banking project Schedule
  • 2.20 Cost Management Plan
  • 2.21 Activity Cost Estimates
  • 2.22 Cost Estimating Worksheet
  • 2.23 Cost Baseline
  • 2.24 Quality Management Plan
  • 2.25 Quality Metrics
  • 2.26 Process Improvement Plan
  • 2.27 Responsibility Assignment Matrix
  • 2.28 Roles and Responsibilities
  • 2.29 Human Resource Management Plan
  • 2.30 Communications Management Plan
  • 2.31 Risk Management Plan
  • 2.32 Risk Register
  • 2.33 Probability and Impact Assessment
  • 2.34 Probability and Impact Matrix
  • 2.35 Risk Data Sheet
  • 2.36 Procurement Management Plan
  • 2.37 Source Selection Criteria
  • 2.38 Stakeholder Management Plan
  • 2.39 Change Management Plan

3.0 Executing Process Group:

  • 3.1 Team Member Status Report
  • 3.2 Change Request
  • 3.3 Change Log
  • 3.4 Decision Log
  • 3.5 Quality Audit
  • 3.6 Team Directory
  • 3.7 Team Operating Agreement
  • 3.8 Team Performance Assessment
  • 3.9 Team Member Performance Assessment
  • 3.10 Issue Log

4.0 Monitoring and Controlling Process Group:

  • 4.1 Open Banking project Performance Report
  • 4.2 Variance Analysis
  • 4.3 Earned Value Status
  • 4.4 Risk Audit
  • 4.5 Contractor Status Report
  • 4.6 Formal Acceptance

5.0 Closing Process Group:

  • 5.1 Procurement Audit
  • 5.2 Contract Close-Out
  • 5.3 Open Banking project or Phase Close-Out
  • 5.4 Lessons Learned



With this Three Step process you will have all the tools you need for any Open Banking project with this in-depth Open Banking Toolkit.

In using the Toolkit you will be better able to:

  • Diagnose Open Banking projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
  • Implement evidence-based best practice strategies aligned with overall goals
  • Integrate recent advances in Open Banking and put process design strategies into practice according to best practice guidelines

Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Open Banking investments work better.

This Open Banking All-Inclusive Toolkit enables You to be that person.


Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.