Open banking is accelerating globally, enabling consumers to securely share financial data with third parties for personalized services, payments, and better financial management. It powers use cases across onboarding, credit underwriting, engagement, and payment initiation. For financial institutions, strategies center on linking data out via APIs and using data in to create holistic customer experiences and tailored offers. Merchants leverage open banking for account funding, bill pay, and rapid disbursements, reducing friction and costs. Success requires partnerships, clear roadmaps, and a customer-centric approach to build trust and drive adoption.

Join for free to read