Open Banking and The Future of Financial Services

Category : Finance

Due to digital disruption, the future of financial services is facing a lot of pressure. Two main types of forces, namely regulatory and customer-led have opened up the market to various new entrants disrupting what customers buy across the globe.

Open banking could also be considered as a major influencer paving the way for various third-party developers for building applications and other services independently. This whitepaper highlights the current challenges in financial services and what measures need to be taken to help bank and financial services in order to survive.

Key takeaways:

  • Different ways in which API strategy could define the future of financial services
  • The digital transformation initiative completed by a global bank
  • How financial services can benefit from open banking concept

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