Preparing for Open Finance – The Next Step in the Open Banking Journey

The UK was among the first to mandate open banking and the sharing of transaction data between financial service providers and third parties. Open finance is the next step after open banking. By enabling other types of data to be shared, such as investments, insurance, mortgages, loans, savings, and pensions, open finance enables creation of innovative new solutions that meet and exceed consumer demand for personalized financial experiences that engage, educate, delight, and empower.
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