Open Banking is already proving to be a significant disruptor in the current financial services market. It's providing a new way to elevate customer experience by harnessing data to improve services and offer a much wider range of products.

But what if Open Banking could be taken one step further? Imagine an ecosystem that goes beyond the standard format and instead reaches customers outside of but related to financial services, enabling banks and financial institutions to offer an even wider range of products.

Alexandra Leonards spoke to Hans Tesselaar, executive director for the Banking Industry Architecture Network (BIAN), about the opportunity to expand and adapt Open Banking.