Although its quite a recent concept, open banking has many potential benefits for customers. In fact, unprecedented crises like the COVID-19 pandemic can even enhance the benefits for customers, as we have looked at in previous posts, such as here, here or here. The data and information that open banking provides can be used to better understand a customer’s financial position for loan applications or credit assessments or even for identifying people in trouble who need support.
The digital transformation has ushered in a new era for the financial system. Big Data,
Press Release Madrid, 18th Nov 2020 With late payments predicted to reach 15% as a
Press Release Madrid, 5th Nov 2020 The pandemic has forced many companies to switch to