Key highlights from the Open Banking & Open Finance trends report.
Did you miss the Open Banking & Open Finance trends report*? No problem, we’ve got you covered. These are the key highlights from the 2022 Q2 report.
The global financial service infrastructure reached 1.5K open banking platforms creating 5.4K API products, and 2.3K API-enabled fintech apps at the end of Q1 2022.
Regulations are emerging, standards help accelerate fintech participation, and consumers are demanding digital solutions.
Banks, albeit at a different pace, are starting to diversify their business models to capture new revenue opportunities enabled by open banking.