Financial services transparency as well as competitive and innovative products for customers are being promoted by regulatory initiatives such as Europe’s Revised Payment Service Directive (PSD2) …

As banks leverage new connections with ecosystem players, they can earn revenue by monetizing their APIs.

BigTech firms have huge customer bases and data – and they’re now venturing into the financial services domain.

Relationships between banks and FinTechs within the lending space are evolving fast.

In the wake of open banking, banks explore customer-centric propositions and the use of APIs to enable data sharing.

With no rigid standardization guidelines or non-compliance penalties, total and efficient compliance may take more time, as 18% of survey respondents said they are still in the compliance implementation stage.