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Focus: New-To-Credit Millennials, Credit-Rating Systems & Borrowing Credit

BankBazaar

Owing much to the changes in banking trends and the emergence of fintech companies, millennials across India have become open to the idea of borrowing credit. But there’s a major issue that quietly cripples this trend. Well, thankfully, we’ve moved on from this ancient system and aren’t we glad or what!

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How did open banking come about and how does it work? (2/4)

Lars Markull

Before getting into the rise of open banking, it is important to understand the definition of the term. Internationally, the term “Open Banking“ refers to the technique of connecting with a bank account and consuming some of the data that lies within. One country is Germany, that we would like to highlight here.

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How did open banking come about and how does it work? (2/4)

Lars Markull

Before getting into the rise of open banking, it is important to understand the definition of the term. Internationally, the term “Open Banking“ refers to the technique of connecting with a bank account and consuming some of the data that lies within.

Mobile 52
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With PSD2 Weeks Away, Banks Realize Not All Their Problems Can Be Solved Via API

PYMNTS

. “The fear is, obviously, that when you open up, you’ll have FinTechs coming in and disrupt[ing] you. But in the last three to six months, there has definitely been a big shift among European banks’ attitudes toward open banking.”

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