Why open banking is driving the future of financial services
Today's digital world lets consumers manage a variety of activities on a single device, from taxi booking to grocery shopping. But when it comes to finances, a similar experience – a portal that gives consumers a complete picture of their finances, effortlessly tracks spending, and empowers them to manage their wealth – remains elusive. However, open banking is poised to change that, paving the way for a more integrated and user-friendly financial experience. This paper explores how open banking is revolutionising financial services by empowering financial institutions to enhance customer engagement, streamline operations, and explore new revenue streams.
