What is Open Banking?

In traditional banking, only banks have access to your account information. Open banking, however, allows you to share your account data with third-party applications — with your consent.

✨ Benefits:

- View all your accounts in one place

- Faster and more convenient payments

- Easier collaboration with banks and financial institutions

📌 What can you do?

- Manage your account information

- Check account balances

- Access account statements

- Grant permission for account usage

- Track transaction status

By adopting the concept of open banking, financial institutions can expand their ecosystems by connecting quickly and effectively with bank partners and third parties to offer better services to customers.

At the same time, by tracking and analyzing customer behavior, they can further improve customer experiences.

Third-party providers can offer users seamless financial services — such as managing multiple accounts from a single app — delivering unique and user-friendly financial solutions.