#42 Open Banking Is the Future of Fintech

UXDA | Financial UX Design Podcast - A podcast by UXDA | Financial UX Design - Fridays

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This episode explores open banking, a fintech revolution giving individuals greater control over their finances. By leveraging APIs, open banking enables secure data sharing between banks and authorized apps, unlocking features like aggregated account views and personalized financial advice. While there are plenty of conveniences and potential benefits, the episode also discusses the challenges of standardization and the need for transparency and trust to drive widespread adoption. A key ins...