Commerzbank: Open banking comes with far more opportunities than PSD2 has outlined

Christoph Berentzen is Head of API & Open Banking at Commerzbank. He tells Qorus about the German’s bank strategy and achievements in terms of open banking and API.

Can you tell me about your role? What does a ‘Head of API and Open Banking’ do? And also about your team – how many people, and what are their profiles?

In short, I am enabling Commerzbank´s delivery organization to provide API banking services, to increase the group’s IT efficiency and to create new business models adding customer value. Therefore, we are a highly motivated team of more than 100 talents at four locations in Germany, Poland and Bulgaria. And we were one of the first ‘tribes’ of the bank, working in cross-functional ‘BusDevOps’ teams in an agile setup.