Article by Perry Huijgen, Protiviti, Business & Risk Management

Regulatory initiatives around open banking (PSD2) have opened up a whole new playing field for financial technology companies (fintechs). The possibilities for innovation around payments are countless: direct payments processing from platforms or applications, split payment technology, data analytics on aggregated bank accounts or enhanced credit risk modelling. However, as promising as it all may sound, you should keep in mind that there are no easy shortcuts to open banking glory.

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