Traditional banking institutions are looking for ways to technologise their product offerings. One way some banks are approaching this is through BaaS.
Traditional banking institutions are looking for ways to technologise their product offerings. One way some banks are approaching this is through BaaS.
Misunderstanding and the lack of transparency with previous data sharing has led to an array of privacy concerns around open banking of data-conscious individuals.
The main goal and use of open banking is allowing customers to link their bank accounts to third party applications. This leads to better services, more automation, deeper insights and quicker processes.
Today, we celebrate four years of open banking in the UK. Over these last few years the innovative practice has brought us more control over financial information, a plethora of apps and services that would fall flat without open data sharing, and an endless supply of opportunities to take finance further.
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