The Importance of Open Banking for Fintechs
Open banking is a notion that refers to the standardization and secure opening up of financial services data to third-party suppliers using APIs. It is a crucial idea since it fosters financial innovation, boosts competition, and enhances the ecosystem of financial services as a whole. First off, open banking creates new opportunities for financial innovation […]
The Importance of Open Banking for Fintechs
Open banking is a notion that refers to the standardization and secure opening up of financial services data to third-party suppliers using APIs. It is a crucial idea since it fosters financial innovation, boosts competition, and enhances the ecosystem of financial services as a whole. First off, open banking creates new opportunities for financial innovation […]
Perpetual KYC in Fintechs: Is It Worth It?
For fintechs, if customer behavior is constantly changing, so should risk profiles adapt through Ongoing Customer Due Diligence. Perpetual KYC is a way of keeping up with new threats as well as new regulations. As OCDD procedures work as compliance obligations in which companies must monitor accounts while also assessing the risks they might pose […]