Open banking has yielded widespread adoption with more than 43m users enabled across Europe and 53% user CAGR since 2020.
And the momentum is only set to increase by an expected $330bn transaction value in the next five years, enabled by open banking.
But the opportunity goes beyond this:
Premium APIs are facilitating a widespread shift from open banking to open data economies. Additionally, financial products previously limited to just bank-owned channels can be integrated into third-parties.
So, what does this mean for banks? They can tap into this space and unlock significant value and commercialisation opportunities.
Find out how in our white paper.
Provided by Visa
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