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Open banking is a hot topic in the world of finance, with many experts predicting that it will revolutionize the way we manage our money. By allowing third-party financial service providers to access consumer banking data through APIs, open banking has the potential to create a more competitive and innovative financial ecosystem.
With recent advances in blockchain, cryptocurrency, contactless payments, and more, finance is primed for disruption. As fintech plays a larger role in the financial ecosystem, companies are looking for ways to use tech to solve problems and find new opportunities in the space. One popular approach: in-house financial innovation labs.
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