Since the first wave of open banking tools were introduced in 2018, financial institutions and ambitious tech companies, from lenders to personal finance management apps (PFMs), have been able to facilitate significant innovation in the services they offer to both retail and business customers. Banks have been at the heart of this progress and are the gatekeepers to further advancements. However, commitment from all banks towards achieving full adoption hasn’t always been forthcoming, and in order to maximise the potential of open banking, the financial services sector needs their whole-hearted support. Choosing a partner to move forward with can be…
How banks can be supported to achieve full open banking adoption