A guide to Open Banking

A guide to Open Banking

Open Banking has the potential to disrupt the financial services sector. But what is Open Banking and what changes will it bring? In this article we explore what Open Banking really means, its potential for the banking industry as a whole and the opportunities and challenges for fintech firms, banks, small businesses and consumers. What is Open Banking? Open Banking refers to an open source technology that allows anyone to create apps and websites for the financial services sector. Developers use an application programme interface (API) to create software that allows customer data to be shared securely between banks […]