At the last count, open banking in Europe had reached 43 million people and achieved an annual compound growth rate of 53%.
There is also an observable incremental growth in the wider open banking ecosystem, and the market for embedded finance applications is projected to grow fivefold, by 2032.
Given the speed and scale of innovation embedded finance creates, there is a near-term opportunity for banks to rethink their business models to capture new revenue opportunities. How?
Visa Consulting & Analytics (VCA) and Tink have just released a new white paper.
Find out more. Download “Commercialising Open Finance.
This report is hosted by Payments Cards & Mobile on behalf of Visa. To find out more about our Products and Services contact us today:
Alex Rolfe – Managing Director
alex@paymentscm.com
Wendy Sanders – Business Development Director
wendy@paymentscm.com
Or check our Media Kit for a full range of our award-winning services