COVID-19 pandemic has accelerated the importance of digitalisation as banks look to serve their customers in new ways during lockdowns and quarantines while customers are increasingly looking to access financial products and services on their own terms and on their own devices. With open banking technology, open finance; permissioned data-sharing are enabled to service a wide range of financial products and services. Key concepts and definitions of open finance are discussed in this paper, expanding to how banks can benefit from open finance.
In this white paper, discussions on:
Download the white paper today!
Join us in the upcoming webinar as we discuss the the recently joint published white paper titled Embracing Open Finance in Southeast Asia. We will cover:
Open banking standards refer to a framework that encourages secure data sharing and collaboration among financial institutions, FinTech innovators, and other third-party providers.
In recent years, there has been a push for tighter Open Banking regulations in Indonesia, and the government has unveiled the Indonesia Payment System Vision 2025 that opens up countless opportunities to weave Open Banking practices into the business model of many companies.There is a need to provide services that are accessible, low cost, and reliable, allowing any business to easily integrate technologically-reliant services into their platforms.
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