First, there was open banking — a considerable step forward in democratizing the financial services industry. With third-party access to banking via application programming interfaces (APIs), consumers were able to connect with a broader range of financial products and take greater control over their financial future.
Now, the wave of open technology is building. Following the growth of open banking, the evolution of open finance could deliver an exciting new development in the financial world for both consumers and providers. Read the complete article here.