The evolution from Open Banking to Open Finance
Open Finance represents a welcomed extension of Open Banking and allows the exchange of data to occur between a wide range of financial companies.
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Open Finance represents a welcomed extension of Open Banking and allows the exchange of data to occur between a wide range of financial companies.
Open Finance is the unbundling of financial data and services to allow companies and consumers to securely leverage their data and obtain a clearer picture of an individualโs financial footprint.
Your financial data is important and valuable. Your information should belong to you and enable you to achieve better financial wellbeing.
Whether you are running an eCommerce, FoodTech, PropTech, etc. platform, youโll need to eventually consider a shift towards embedding financial services.
At Finantier, we have been on both sides of the equation. As solution integrators and builders in previous businesses, and as consumers using fintech products.
With Open Banking, people can own their financial data and work with fintechs to improve their lives and generate new sources of income.