2022年10月27日

2022年10月27日开放银行业带来了一波又一波的FinTech创新提供更多的透明度和个性化的产品给客户。然而,RegTech公司PassFort表示仍有障碍需要克服。当谈到人们如何使用和转移资金,开放访问关键业务数据推动了创新。FinTech工业见证了新一波的,带来更好的财务透明度,改善服务和多个客户其他好处。最近工作RegTech PassFort强调,尽管财富的机会,这是仍然有问题需要解决,包括全球合规和KYC统一框架。安庆是一个创新的实践,银行开放共享消费者数据标准化和安全形式与授权的第三方组织,如FinTech的。开放银行允许第三方访问丰富的数据源从银行通过应用程序编程接口(api)来构建新的和创新的金融产品,然后提供给消费者。根据PassFort,开放银行在许多方面改变了金融服务市场。首先,它允许客户受益于更广泛的金融服务产品,提供更好的个性化和定制金融产品。客户并不是唯一的好处。 PassFort said that all parties, including banks, FinTech firms and account owners, benefit from increased data visibility as a result of open banking. PassFort said that by Combining data from multiple sources can help providers create a deeper understanding of every customer’s needs by leveraging data to build more personalised products. The ability to offer more personalised products is not confined to financial products. PassFort said banks and third-party providers can offer personalised insurance products through mobile and online channels using data available through open banking. The spending insights from the aggregated financial data can ensure consumers get the most suitable insurance coverage. Moreover, FinTechs can use open banking data for identity verification to make better, faster decisions. PassFort said compliance processes are expedited and credit, for instance, can be made more accessible more quickly. The know your customer or KYC process that verifies a customer is who they claim to be can help FinTech’s build a faster picture of risk associated with an individual, which then informs onboarding decisions or upsell opportunities. However, there have been a few complications of open banking. PassFort highlighted that there has been a lack of sufficient compliance standards. While Europe and the UK have introduced clear open banking compliance standards, other countries, including the US, have not regulated or standardised open banking. In addition, PassFort added that data security remains a crucial challenge for open banking integration. Banks and FinTech developers must continue to ensure financial apps are secure while minimising the risk of any vulnerabilities In spite of this, PassFort said the future of open banking looks bright, especially if all parties concerned can fully adopt the data-sharing integration necessary for success. FinTech’s could even become the new giants of the financial services sector through increased provision of services to underserved consumers and access to customized or personalised services, the RegTech said. Another future scenario is that merchants help banks and FinTech’s capitalize on open banking data to spur a retail banking revolution. Merchants, shopkeepers, and traders can use targeted marketing and loyalty schemes to boost margins, improve sales, and increase overall performance while providing fully integrated financial products and services to customers. Open banking has immense potential to improve financial services’ revenue streams and customer reach, PassFort concluded, but only with full adoption, consent from all parties –including customers themselves – and unification around identity verification and compliance standards. Find the full post here . Copyright © 2022 FinTech Global