Banks can improve their web and mobile apps with account aggregation from other banks. Neobanks and Fintechs can compete with traditional institutions by offering aggregation and payment initiation services through their platforms. ERPs and software providers can enhance their products, offering multibanking to corporates with no need of a TPP license.
Financial Institutions, FinTechs, and Challenger banks can offer advanced Business Financial Management (BFM) products to their clients. Corporates can achieve great efficiency and control over their banking relationships without the need for a TPP license. Financial technology innovators can become digital champions with advanced APIs and attract new users.