STARTUP GROWTH: USING OPEN BANKING TO YOUR ADVANTAGE
Many different verticals in the fintech landscape can benefit from open banking APIs – remittances, growth payments, and crypto. But the love story between open banking and startups is just beginning.
Among the many benefits, open banking can scale startup processes and operations for onboarding, accounting, identity validation, and payments (by eliminating the delays and costly fees of credit cards). Startups operating in multiple countries can also quickly integrate with local banks through APIs and develop automated banking processes to reduce manual transfers and transactions and log into several bank accounts.
