The US is heading full speed ahead into a future run by a fully open-data economy. Data has traditionally been siloed away in vaults that are inaccessible to customers and other businesses – but this is no longer the case. More and more businesses are letting down the veil of secrecy in place of more open pools of data and infrastructure sharing. Big Data + Banking = Open Banking One of the industries being heavily impacted by this new trend …
Tag: Open Banking
Technology continues to evolve every day and transform the way that all businesses operate. There is rapid innovation happening across nearly every market sector relating to data, fintech, and even organization. This hectic pace has created a new wave of rising stars out of select startups that are beginning to challenge and intimidate the larger Fortune 500 companies. With massive amounts of resources and funding at their disposal, these Fortune 500 players have shown us that they will not go …
The current status-quo of big banks handling everyone’s money is beginning to be phased out by new and forward-thinking financial companies. Consumers are craving modern banking tools that give them control of their data, minimal fees, and also the ability to freely use new financial applications that make moving money easy. We are living in a hyper-personalized world now, and legacy banks are struggling to loosen their grip on their customer’s freedoms. If they are not careful, they are going …
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