Open Banking and Real-Time Payments Are Changing Banks for the Better – The Merkle

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Banks continue to flex their muscles and engage in fintech innovation, opening themselves up in a way previously never thought possible. They were once staunchly resistant to outside intervention, but a recent report from ACI Worldwide and Ovum has revealed that this trend is changing. Almost 90 percent of banks are forging a path toward open banking and real-time initiatives. What is Open Banking?
The term “open banking” may sound a little scary at first. But open banking doesn’t m…

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