Hi! In case you missed it, please see below today's most relevant fintech news. A study of 2,000 global consumers released by Mambu, a banking and financial services platform, revealed that a significant misunderstanding of open banking is hampering its adoption. Open banking has witnessed an increase in adoption globally as a result of the Covid-19 pandemic, and the research indicates a marked change in attitude and priorities as a result of the crisis. However, existing concerns remain with 48 percent of consumers claiming they are ‘scared’ to use open banking and 53 percent still believing that open banking is a dangerous use of data sharing.
Daily Fintech Newsletter | Apr. 20th
Daily Fintech Newsletter | Apr. 20th
Daily Fintech Newsletter | Apr. 20th
Hi! In case you missed it, please see below today's most relevant fintech news. A study of 2,000 global consumers released by Mambu, a banking and financial services platform, revealed that a significant misunderstanding of open banking is hampering its adoption. Open banking has witnessed an increase in adoption globally as a result of the Covid-19 pandemic, and the research indicates a marked change in attitude and priorities as a result of the crisis. However, existing concerns remain with 48 percent of consumers claiming they are ‘scared’ to use open banking and 53 percent still believing that open banking is a dangerous use of data sharing.