The True Impact of Open Banking: Preparing Your Business and Managing Expectations

The True Impact of Open Banking: Preparing Your Business and Managing Expectations

With open banking yet to be rolled out in Australia though there remains a general lack of understanding about the true power of the initiative. Will Open Banking be instantaneous and seismic – like a switch being flicked? Or will the transformation be more gradual; with customers hesitant to transition towards the open and unknown?

To help fill some of the knowledge gaps we look to the United Kingdom, where open banking has been in place since January 2018. 


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