The challenges banks are facing with Open Banking

Pairing technology and money is very common, we are used to hearing about the vast sums being pumped into Silicon Valley start-ups. What is less common is technology and ‘money’ working together. Challenger banks, such as Monzo, are aiming for this to be a reality, by making banking transparent and simple. The emergence of FinTech start-ups has drastically increased competition in the banking space.

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