Why are banks investing in Open Banking?
Posted: Wed Jan 22, 2025 10:52 am
But why are discussions surrounding the implementation of Open Banking attracting so much attention from financial markets and especially from banks? The explanation for this can be summed up in a single word: innovation . The search for it is constant, as it provides the possibility of improving the customer experience and finding new revenues.
Furthermore, the possibilities are many and extremely necessary, especially china phone number list we take into account the new generation of customers, accustomed to the digital environment since birth and accustomed to consuming increasingly personalized products.
Therefore, with Open Banking, the expectation is that it will be possible to repeat this experience when it comes to dealing with money, reducing several common hassles today for those who need banking services.
While they can offer services that are more aligned with the needs of increasingly demanding customers, banks will be able to offer their various products through different channels simultaneously, increasing profitability.
Furthermore, the possibilities are many and extremely necessary, especially china phone number list we take into account the new generation of customers, accustomed to the digital environment since birth and accustomed to consuming increasingly personalized products.
Therefore, with Open Banking, the expectation is that it will be possible to repeat this experience when it comes to dealing with money, reducing several common hassles today for those who need banking services.
While they can offer services that are more aligned with the needs of increasingly demanding customers, banks will be able to offer their various products through different channels simultaneously, increasing profitability.