Open Banking 3.0
For financial service providers – At the top of the chain, open banking will allow financial service providers to significantly innovate on their product offerings to businesses. For businesses (large and small) – Those innovations made by financial service providers will mean more effective and efficient financial tools in your business – notably payments. Which will mean things like more automation, freeing up more time, doing away with the headaches of manual tasks, and ultimately saving you money.
For customers – Open banking will mean better ways to spend, borrow, and invest.
What are the benefits of open banking?
Convenience
Cost reduction
Personalisation
Improved decision-making
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