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Open Banking: A Wave Bigger Than The Internet And Mobile

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For the financial industry, open banking is bigger than the internet and mobile, because while those technologies changed the edges, they weren’t able to meaningfully touch the core of banking and financial services with any magnitude.

From Open Banking: A Wave Bigger Than The Internet And Mobile.

You know, this is a reasonable point. I find my Barclays app very convenient and probably use it more than once per day on average. But the products that I access through the app are essentially the same ones that I accessed a couple of decade ago: a current account and  a savings account.

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