Amid Covid-19, people all over the world people are waking up to a new reality that is shaped by the importance for all of us to come together in this unprecedented time. Seeing communities come together in times of crisis is an inspiration to us all– which we will take into our business lives.
Let’s look at the current financial landscape. The core components of the banking ecosystem have been shaken.They are challenged by new players who can leverage consumer data, advanced analytics and new digital technology in a more efficient manner.
According to PwC, 71% of SMEs and 64% of adults will be using Open Banking by 2022 . But before we get into it- are you confused about what Open Banking is? Well you’re not alone. Our team has compiled the most frequently asked questions we receive from people just like you.