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Report Finastra Powering the future of payments with Open Banking

Powering the future of payments with Open Banking

Riding the wave of API innovation for your journey to payment modernization

If there is anything we have learnt recently, it is that the digitalization of payments has evolved from an aspiration into a necessity. To succeed in this new environment, banks need to build a bigger ecosystem and not a bigger bank. Key to this is through the use of open banking and APIs as tools for collaboration and partnerships with fintechs. There are 4 easy steps to unleash the power of payments with open banking.

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Customers expect:

  • Whether or not customers understand what open banking is, their financial lives and ease of managing money will benefit enormously from the current levels of innovation in financial services. Customers will come to expect it.

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