December 14, 2023Business Desk

Navigate your way through open banking

Open banking is based on the idea of sharing financial information securely and efficiently. The implications of open banking for you are:

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Increased Choice by allowing consumers to choose from a variety of financial services.

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Innovation as with open access to financial data, developers can create innovative solutions that cater to specific financial needs.

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Enhanced User Experience as consumers benefit from a more personalised and seamless banking experience.

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Strict adherence to the advised regulations is imperative, ensuring the integrity and legality of the banking practices.

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