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Tag: Open finance

Open finance impact on financial services

Understanding open finance’s impact on financial services

Open finance is a relatively recent development in the financial technology (fintech) space. The Financial Conduct Authority in the UK defines open finance as “an opportunity to build on the concept of open banking and allow consumers and small and medium enterprises (SMEs) to access and share their data with third-party providers.” This transformation is […]

fitness tracker credit card open finance

Elevating the customer experience with Open Finance

Open Finance is a term that I’ve been hearing more in the financial technology (fintech) world. According to Forrester, Open Finance extends the third-party access principles of open banking across a wider set of financial products such as mortgages, loans, investments, and pensions. Many underlying banking systems and software were built for the brick-and-mortar branch […]