Getting ready for open banking: What the move to marketplace and platform models means for you

The advent of ‘open banking’ is set to be the most seismic shift in financial services since the advent of online banking. Driven on the one hand by regulation such as PSD2 which is designed to increase competition in the marketplace, and on the other by growing customer demand for choice, fuelled by tech-savvy, client-centric new entrants, the move to open banking, underpinned by open APIs, is forcing all players in the financial services business to rethink their business models.

Sourced through Scoop.it from: www.finextra.com

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