One of the Biggest Moments in Banking History Just Went Unnoticed

April 1, 2018

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MONTHLY ANALYSIS

Did you realize that one of the biggest moments in banking just went almost entirely unnoticed? Don’t worry, you’re not alone if you missed it. We’ve got the scoop, and we’re excited to share it with you. So, what is getting smart investors, entrepreneurs, and savvy bankers really excited? It’s called Open Banking and here’s the rundown:

  • Personal finance consolidates: Neo-banks or challenger banks, like Monzo, have a great opportunity to allow their users to connect Monzo to all their other bank accounts. With a better product, UX/UI, and modern APIs, some of these players might benefit more quickly than others.

  • **Finally, there is access for innovators: **Startups can use these APIs and build some amazin ...

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