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Technology disruption, new regulations, consumer shifts and the impact of the global pandemic are driving rapid change in the financial services sector. In particular, open banking is at the forefront of the industry’s evolution, as both a disruptor and a vehicle of opportunity for all participants.
And open banking’s stock is growing fast. According to a KPMG survey, 61 percent of financial executives feel more positive toward it than they did one year ago, and 80 percent of banks have or will adopt open banking solutions.
By Sopra Banking SoftwareTechnology disruption, new regulations, consumer shifts and the impact of the global pandemic are driving rapid change in the financial services sector. In particular, open banking is at the forefront of the industry’s evolution, as both a disruptor and a vehicle of opportunity for all participants.
And open banking’s stock is growing fast. According to a KPMG survey, 61 percent of financial executives feel more positive toward it than they did one year ago, and 80 percent of banks have or will adopt open banking solutions.