Open banking: what is it? Your indispensable manual
It can give consumers easier means to get credit or tailored offers and rewards, as well as more accessible ways to examine and manage their money. Payments made through corporate accounting applications or in video games are just two examples of the various payment options that may be powered by open banking.
Read More: Sergey Kondratenko + Fintech
Millions of individuals already have easier access to financial services thanks to this practice, which also builds on the wider use of real-time payments and other cutting-edge payment technology. As more specialized and focused services become available online, open banking has the potential to upend established financial services providers and completely change the financial services industry.
By giving customers and small companies...