Impact of Open API Economy and Micro Services on Financial Industry

The advent of open API economy has potential to unleash a new wave of changes in the financial services industry. Bank Regulators are looking to drive better deals for the customers by generating more competition by innovating customer information sharing, transaction initiation, and payment mechanisms. Their efforts, along with changing customer sentiment, are creating both threats and opportunities as the open API economy emerges.

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

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