How Open Banking initiatives are creating new opportunities for developers

The UK’s Open Banking initiative, introduced in January, heralds a new landscape for increased competition in financial services. The legislation empowers customers to share their banking data with any trusted third-party service provider they choose – making it imperative for incumbent banks to innovate and evolve their services to compete more effectively with newcomers. This in turn has the potential to create a wave of opportunity for the developer community.

It’s not just developers...

By Mitesh Soni, 05 September 2018, 0 comments. Categories: API, Development Tools.