Open Banking A platform-based business approach that came to stay
Open Banking is ubiquitous and a trend that has come to stay. At the same time, it has recently become quite a buzzword. It is therefore worth providing in this point of view a short definition of the term as we understand it. We understand Open Banking to mean a platform-based business approach in which data, processes, and business functionalities are made available in an ecosystem of banks, customers, third-party developers, FinTech companies, and partners.
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