Open banking is just the start for banks and the
financial services industry. Those on the forefront
are already preparing for the next stage: open
finance, where the opening up of data extends
beyond just banking to finance and insurance.
Clearly, the future is open, and banks need
to be ready for that. Becoming open-banking
compliant should be considered a vital starting
point, allowing banks to offer the latest products
and services, as well as a world-beating customer
experience.
Moving forward, banks and financial institutions
need to be increasingly adaptable to meet the
ever-changing needs of the market, able to adjust
rapidly to be compliant with new regulations,
advances and technology requirements.
Doing all of this alone could be a daunting
prospect, and those that succeed may well be
the banks that decide to seek out the expertise of
experienced partners.
THE FUTURE IS OPEN.
BANKS NEED TO BE READY
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