Tuesday 30 June 2020

THE MONETIZATION OF OPEN BANKING: How legacy institutions can use open banking to develop new revenue streams, reach more customers, and avoid losing out to neobanks and fintechs

UK Open Banking EcosystemBusiness Insider Intelligence

Open banking has arrived, and it's transforming the UK's banking landscape — next up could be the world. Regulatory efforts in the UK are transforming retail banking, reshaping incumbents' relationships with customers, and easing entry for fintechs.

Regulators across every continent are responding with actions of their own. Underpinning open banking initiatives is the idea that ownership of transactional data belongs to consumers instead of incumbent financial institutions.

See the rest of the story at Business Insider

See Also:



from Feedburner https://ift.tt/2RyQmVo

No comments:

Post a Comment

How the election will impact your wallet

Getty Images; Jenny Chang-Rodriguez/BI For many Americans, the most important focus heading into a presidential election is how the win...