Trade for prosperity

The vision of Open Banking is to fuel the evolution to open finance and eventually open data – connecting data from across providers to create a single customer view. 

So far, in countries where faster payment rails are available the speed of innovation has been driven either by the push of regulatory force, or the pull of consumer demand. Emerging markets are demonstrating innovation and value at speed, as consumers are actively searching for fast, safe, digital solutions. 

Regardless of the differences by region, one thing is clear, open banking is globally recognised as yet another validation of the evolution of data from commodity to experience.

 

Check out Pollinate’s report to see how different countries are tackling open banking and the role banks are playing in driving innovation.

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