• RSS
  • Twitter
  • FaceBook
Home > White Papers > Red Hat > Five benefits of open banking

Five benefits of open banking

Red Hat

The rise of digital platforms and their rapid adoption by customers has created significant opportunities for financial service organizations. Industry leaders are capturing additional revenue streams and creating new value chains by investing in this distribution channel. Regulators are also encouraging participation in open banking through either guidance or mandate, aiming to improve competition in the financial services marketplace. Lastly, the pace of technical innovation is reducing the barrier to market entry, driving interest in open banking by incumbents and challengers alike. However, the full value of open banking might be not always be so clear. Below are five benefits for organizations that embrace open banking.

Email this page
Published:  Mar 26, 2019
Length:  2
Type:  White Paper
Tags : 



Community Area

Log in | Register

Solution Center

Follow TechGenix on Twitter