Open banking presents an incredible opportunity for financial institutions to adapt and thrive in a changing world. They can use the data at their disposal to become more agile, better serve their customers and compete in new ways.
As open banking continues to evolve, new possibilities make it faster and easier for financial institutions to share the data at their disposal with third parties.
They can use the opportunity to co-innovate with Fintechs, access new distribution channels and create differentiation through personalized digital experiences. It's an important strategy for financial institutions to compete and grow.