The words on everyone's lips:
How implementation of open banking can increase your competitive advantage. If you haven’t heard what open banking is keep reading because now is the time to act. In a world where technology is involving itself in all sectors, the merger of the banking and technology sectors is particularly notable. Traditionally the banking and finance sectors have been required to be ‘tight-lipped’ and meticulously protective of their assets. Now moving into a more -open- world, banks are challenged with the progressively changing requirements. They are now required to ensure they are constantly innovating, implementing new services and technologies for their customers all whilst maintaining compliance. To keep up they must take lead from the tech sector, they must adopt open architectures. Adopting open banking will ensure you not only keep up with your competitors but give you an advantage over those who don’t embrace it.
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