Open banking is a financial service which includes sharing of financial information electronically. Furthermore, open banking services make use of application programming interface (APIs) to carry out a secure transfer of financial data. The global open banking market was valued at $13.9 billion in 2020, and is projected to reach $123.7 billion by 2031, growing …
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Open Banking Market: Banking & capital markets segment accounted for the highest market share .
The global open banking market was valued at $13.9 billion in 2020, and is projected to reach $123.7 billion by 2031, growing at a CAGR of 22.3% from 2022 to 2031. According to Allied’s report, the market is driven by recent technological advancements and the rapid launch of new products. The report covers an in-depth …