"Open banking", a few of them heard off, but the financial sector is the most critical topic that is hard to ignore. As open banking is becoming a common word among BFSI clients, it has also become essential to understand its power to change the legacy banking system radically.
Service providers will use "Open banking" to share up a humongous database for zillion more opportunities which will shape the future of the financial world.
The utility of open banking is evolving quickly, thus enhancing customer experience, increasing financial inclusion, and empowering users with more significant data control.
“Open banking is reshaping the future of the banking world” – With technological advancement, we are moving towards the period of open APIs where third party service providers are going to fetch data from the legacy institutions to provide improved customer experience. Check out for 5 new trends…
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