Open banking is coming to North America and is taking shape in different ways across the continent. Whether driven by policy and regulation or market forces, the impact will be felt across the financial services sector. From catalysing the development of new providers to enabling existing institutions to keep pace with a fast-changing industry, the industry is poised for even greater change.
As the current crisis demonstrates, the swift change in the economic outlook and the situation of consumers and business alike, not to mention a rapid move to digital channels, the ability to understand, pivot and serve customers is so crucial and can be supported by open access to vital market data.
The ways in which open banking is driving innovation will be an important topic of discussion at FTT Virtual North America. From the small financial institutions and start-ups up to the largest financial institutions in the world, the future is most certainly more open.
Learn more about Open Banking from a panel of experts on September 9th.