Open banking: Empowering community banks and credit unions to compete digitally through open APIs
A community banking introduction to the open banking movement.
Secondary Default Finastra Form
Traditional technology used by most community banks and credit unions was developed long before the advent of smart phones, the internet, or even personal computers. So it's no surprise that when it comes to managing financial matters, consumers are using third-party apps and software in increasing numbers. Open banking empowers community banks and credit unions to establish deeper relationships with account holders by owning the account holder relationship and partnering with other fintechs.
