What is Open Banking?
Open banking is a mandate for Deposit-taking Institutions (aka Banks) to make their product and customers data available via Application Programming Interface (API) to accredited entities.
Right now, it’s difficult for you to get a hold of your full financial data and for banks to send that data to each other and to other companies. This traditional siloed approach has made it difficult for consumers to find and switch to the best product or service based on their personal circumstances.
The main driver for Open Banking … Read More