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This open banking research report analyzes global trends in open banking to identify use cases for commercial and retail clients to create value-added services. A few key takeaways from the report include:
- The development of open banking is accelerated by fintech firms that provide robust API integration platforms through which financial institutions (FIs) can quickly and easily consume
- Banks have started to offer banking-as-a-service (BaaS) to fintech firms and other enterprises
- Online merchants have a growing interest in adding open payments as a new payment method to their checkout page
Access the Aite Novarica report here.