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The old ways of banking were designed with a “walled-garden” approach, where banks built their systems to own the customer from cradle to grave. Even today, banks have a surprisingly hard time moving money and information across systems.
Open banking aims to open this closed environment and let people control their money how they see fit. Where they want to put it, how to send it to friends, how to invest it and more.
Here, access the Mr. Open Banking podcast, which explores the ongoing evolution of this concept and how it impacts your daily life.