A few years ago, the industry may have viewed ‘real-time and open banking’ as regulatory issues that just had to be dealt with. Today, society has caught up with us all at an unparalleled pace and ‘instant and open’ have become the new norm for consumers and businesses around the world.
The ‘instant and open’ phenomena blurs the distinction between payments and banking. And institutions with a robust and secure operational environment, with agile fintech solutions can build the next generation ‘banking’ experience that customers now expect. This requires their technology partners to act accordingly with an agile open API based infrastructure to guarantee secure onboarding, support, fine-grained access and more.
Don’t forget to stop by and pickup our latest 2017 Flavors of Fast report for a look at how faster payment schemes around the world and how ‘open and instant’ are driving innovation around ’smarter’ payments.