What problem is open banking solving?

What problem is open banking solving?

We often hear people ask, ‘What problems can open banking solve?’ There are many use cases that are being solved today through open banking. Like anything, it will take a few more years to fully understand the full range of challenges it can solve as the ecosystem...
Open banking credit and lending

Open banking credit and lending

While there are numerous use cases of open banking from personal finance to wealth management, credit and lending are getting a lot of attention lately. We’ve seen a lot of buzz around ‘Experian Boost’ and Credit Karma’s Lending Insight Report. Customers are seeing...
April open banking insights

April open banking insights

New Strong Customer Authentication (SCA) rules came into effect resulting in retailers losing millions in sales. Consequently, industry experts discussed how VRPs and open banking could bridge the gap, offering an alternative to traditional card payments.    VRPs...
Open banking and consent  

Open banking and consent  

Consent is a vital aspect of open banking. It puts customers in the driving seat, giving them full control of their data. Financial data belongs to customers, not the banks. Therefore, customers have the right to share their data with service providers and other open...