“Open banking will encourage competition in the market for financial services as customers and authorised third parties have increased and better access to data, thereby forcing financiers to become more innovative to win business or by lowering their service costs.”
Please see the full update from our Business Development Manager, Ed Kerr at: https://www.linkedin.com/pulse/what-open-banking-ed-kerr/
Image source: Ivey Business School, FinTech Club
