The concept of open finance, like other financial technology efforts, requires a significant amount of planning and exploration before diving in. The lingering uncertainty surrounding the Consumer Financial Protection Bureau's interim 1033 open banking rule leaves many executives at a crossroads when considering what their institution's open finance future might look like. Risk management, API upkeep are holding back open finance adoptionThird-party risk management, building data access agreements and more all stand in the way between banks and open finance programs. Lastly, 77% of bankers and credit union leaders agreed that executive leadership within their institution is supportive of open finance initiatives. Key takeaway: On the whole, executive leadership is on board with pursuing open finance initiatives.