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Open banking accelerates fintech innovation through data driven services
Open banking is driving fintech innovation by enabling secure data sharing, personalised services, and faster development of digital financial products.
The global open banking market is empowering fintech innovation by enabling secure data sharing between banks and third party platforms. Open APIs are helping fintech firms build personalised financial products, improve payments efficiency, and enhance customer experience. Regulators supporting open banking frameworks are accelerating adoption worldwide. Industry participants expect stronger competition, faster innovation cycles, and expanded digital financial services as open banking ecosystems mature globally.