interviews that explain banking in 2024

To address these challenges, leaders in the financial sector must foster customer awareness about the benefits and risks of open banking. At the same time, developing standardized and advanced security protocols is a must to enhance the security of API access and increase consumer data protection.

Embracing A Global Perspective
Geographical divisions can be bridged by open banking. It can help streamline international transactions, serve a global clientele and facilitate multi-currency activities. Traditional banking systems, on the other hand, can be fraught with increased transaction fees, longer processing times and ambiguous exchange rates