New Business Models of Banking as a Marketplace: Opportunities and Threats – Press Release – Digital Journal

EU-wide and UK-specific regulations will force banks to open up access to their customer data by January 2018. Open banking will lead to the creation of new business models, including banking as a marketplace. Here, a bank integrates third-party services into its own platform, effectively turning itself into a portal, or marketplace, where consumers can access products from across the market in one place.

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

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