At what stage of development is open banking?

[Dani1995]

At what stage of development is open banking?

[Blandry333]

After traditional banks began to massively develop their own mobile applications, Challenger banks offered completely new tools to attract the audience of customers: automatic personalized cost monitoring, virtual assistants.

[Mafonya4452]

Today it is quite obvious that the trend to implement open APIs and create open banking platforms is fundamentally changing the way banks think. After all, outdated technology and conservative financial models are preventing banking institutions from keeping up with new competitors. Read about it at https://deepinspire.com/blog/open-banking-in-the-uk-overview/ And it's not just other banks, but much more creative FinTech startups. The turbulence of 2022 was further proof that there is no going back in the banking industry except for the implementation of Open Banking: "open data or die."

[kabucha]

Hey guys! Have you ever used Drupal? What modules are the best? Thanks in advance!

[theblisterexists]

Hi. I had to use Drupal a few times and in the end I was 100% convinced that this CMS is one of the most convenient and efficient. The only problem is that in the initial stages it is difficult to decide which modules you will use, but this article can help you with that https://anyforsoft.com/blog/must-have-drupal-modules/
There you can find a lot of information about which modules for Drupal are the best. I hope my advice helps you!

[BillMemerik]

Some online shops and marketplaces have started to offer customers a new way to pay for goods - in equal instalments without overpaying. This service is also called BNPL, short for buy now, pay later. It translates as "buy now, pay later".
This method of payment splits the cost of an item into several equal instalments, usually four. At the time of purchase, you only pay for the first instalment, and the remaining instalments are automatically debited from your card at regular intervals, for example, every fortnight. As a result, you pay for your purchase in full over a month and a half.

[MolliKosach]

The use of the BNPL payment system is very beneficial for businesses, because the customer gets the goods on favourable terms without overpaying, and the retailer gets new customers. This increases sales and the average bill, as people are more willing to buy if the expenditure can be spread out over several weeks.

[ColevSoda]

Hello there. Financial technology could be described as a new technology that seeks to improve and automate the use of financial services. ​At its core, financial technology is utilized to help corporations, business owners, and customers better control their financial transactions. Check more about how to fully integrate financial services https://www.taryafintech.com/solutions/ it'll be useful if you are interested in financial technology development and implementing them in your business.

[MagnusWarner]

For me personally, the article in the blog about Gamification in Banking turned out to be very interesting, with which I understood the basic concepts and considered various options for how to positively use this direction in development. And having this knowledge, I finally got a sufficient understanding of the topic of gamification. This should be enough to help in decision making.

[JuliaSn]

In some countries, such as the European Union, open banking regulations have been implemented through the Revised Payment Services Directive (PSD2), which mandates financial institutions to provide access to customer data to authorized third-party providers. This has led to the emergence of numerous fintech startups and the development of innovative financial services.

In other regions, such as the United States, Canada, Australia, and several Asian countries, open banking initiatives are still in progress, with regulatory bodies exploring potential frameworks and considering the implementation of open banking regulations.