Saxo’s Kyhl Considers the Consequences of Collaboration
Saxo Bank's COO Søren Kyhl lifts the lid on the bank's OpenAPI project and cites an example of the benefit it promises for the firm's clients.
WatersTechnology: A lot has been written in recent years about the rise of independent financial technology firms and their ability to disrupt the established bank-owned and provided technologies. What is Saxo's take on third-party provided technology? Does it see those vendors as competitors or as potential collaborators?
Much of the debate prior to now was about fintech firms having the potential to challenge and eventually replace financial services companies. There is, however, a growing
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