Open Banking is about rapid transformation of the financial services landscape.
Open Banking provides access to financial institutions’ data through the use of application
programming interfaces, better known as APIs. Third party providers will then be able to offers
range of financial services to customers i.e. account and payment services.
Open Banking is a very good opportunity for your company to access the financial institutions to take advantage of their system to use internally within the company or offer services to your customers.
Euro Banking Association (EBA)
Open Banking: Essential Elements and Benefits
The Digital Customer Services Interface
Open Banking – Nationwide