Top 6 Financial Software Development Trends for 2021
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4. • Open banking is a revolutionary technology that
merges together FinTech and conventional banks by
enabling data sharing across networks through APIs.
Open banking helps banks realize their data in a
secure and standardized form on a shared basis
between authorized services providers over the
internet. .
• Prominent industry players predict that open banking
technology will play a critical role in reshaping the
banking industry as we know it. Reportedly, in 2018,
open banking generated $7.29 billion in revenue, which
is expected to reach $43.15 billion by 2026.