Enabling a European Challenger Bank Disrupt Their Market Using Open Banking


A fast growing large private equity owned European challenger bank.


  • Pacemakers was invited to provide digital banking advice on how to best implement a strategy study completed by a global management consulting firm.

  • We supported our client in identifying the right partners to deliver a solution capturing the new opportunities resulting from PSD2 and Open Banking regulation.

  • Advised on the breaking up of the opportunity into three tranches:

    • The selection of an API platform provider,

    • The enhancement of their data analytics capability,

    • The creation of an internal proposition development and innovation division.

  • Delivered a partners short-list that included global firms, local champions and select early stage firms 

  • Supported the launch or the formal selection process for all tranches. 



  • The API Platform tranche RFP was completed in Q3 2017, generating a savings in excess of €1.1m compared to the bank’s initial forecasts.

  • Bank API platform and Data analytics delivered. Innovation factory in progress