What are banking APIs and why do they matter?
Whatever you think the future of banking will be, it’s pretty clear that the banks of the future will be different than today. Incumbent banks are making their banking infrastructure…
Customer Expectations Fueling Digital Transformation in Financial Services.
Top-notch financial services are no longer just for the elite. Although differentiated services are available for various customer profiles based on age, income, or net worth, banks have to work…
People using mobile bank for remittance of money. Man and woman with smartphones sending coins to each other. Vector illustration for cashless transactions, financial app, payment transfer concept
The Advent of Payment Initiation Services
The payment space is getting quite interesting due to Open Banking, which is paving the way towards a new wave of innovative payment solutions. But before we dive in, let’s…
Open Banking Use Cases – Beyond Banking
Why is Open Banking so exciting? Well, it’s simple, it means more choice and better services for customers. It enables intelligent technology not only to empower users but also to…
What Are the Top 5 Use Cases of Open Banking?
The financial services industry has seen drastic technology-led changes over the past couple of years. Financial Institutions are recognizing the importance of leveraging data to deliver innovative products and intuitive…
Which Countries Are Ready For Open Banking, And Why?
Open Banking is now being adopted in various regions around the world – with more than 87% of countries that have already established some form of Open APIs in the…
Open Banking Regulations in Bahrain and Why They Matter
When it comes to open banking, it’s extremely important for all stakeholders in the financial ecosystem to be aware of the regulations that make this innovative financial services framework possible.…
How Can Banks Prepare For Open Banking?
Open Banking is a banking initiative that was developed to improve dynamic market competition, stimulate innovation, and give end-users better and more convenient services. Through the use of APIs (“Application…
Open Banking and the Future of Banking in MENA
Ever since the COVID-19 hit, the MENA region witnessed a rise in online payments penetration to 76% as well as an increase in smart-phone penetration to an average of 133%. And, while these indicators…
How can Open Banking Help SMEs?
Small to Medium-sized businesses, better known as SME’s are the backbone of all economies and account for about half of all commercial banking revenues. They represent about 90% of businesses…
What Opportunities Does Open Banking Bring for FinTech Providers?
Amid Covid-19, people all over the world people are waking up to a new reality. A new reality shaped by the importance for all of us to come together… to…
Why is Open Banking Important for Banks?
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,…