4 Reasons your Definition of Open Banking is Too Narrow

According to Accenture Research, 77% of banks intend to invest in “open banking” by 2019. Open banking is a concept that allows banks to share customer data with third-party providers securely and in real time, through the use of open APIs.

However, open banking should not be limited to just data sharing. Instead it should serve as the catalyst for a new wave of financial innovation.

Here are the 4 Reasons your definition of Open Banking is too narrow.