Open Banking

Open banking refers to a financial concept and practice that allows third-party financial service providers to access and use financial data from banks and other financial institutions through Application Programming Interfaces (APIs). This data sharing enables these third-party providers to develop new financial products and services, often tailored to meet specific consumer needs. Key aspects […]

Neo Banks/Digital Banks: Transforming the Banking Landscape

Understanding Neo Banks/Digital Banks: Neo banks, also known as digital banks, are financial institutions that operate exclusively online or through mobile applications, without traditional physical branches. These banks leverage technology to provide a range of banking services, from basic transactions to more sophisticated financial products. Unlike traditional banks, neo banks focus on delivering a seamless, […]