Banks have been at the heart of this progress and are the gatekeepers to further advancements. However, commitment from all banks towards achieving full adoption hasn’t always been forthcoming, and in order to maximise the potential of open banking, the financial services sector needs their whole-hearted support.
Finding the right partner
While it’s possible for larger companies to have the resources in-house to implement open banking services such as account information services (AIS) and payment initiation services (PIS), maintaining them can take lots of time and cause headaches for the company.
