Open banking appears to be the next logical evolution of banking and is taking top priority for many financial institutions globally and within the U.S.
To achieve an open banking environment, the industry must:
- Move beyond an open API to a driven web-hook strategy
- Move away from simply wanting tremendous amounts of data
- Move towards a marketplace approach to streamline the flow of data & insights
The question now is: how do financial institutions take advantage of that new ecosystem? Learn more about the benefits and challenges of open banking and how Baker Hill can help your financial institution!