4 Ways Open Finance Uplevels Security
August 28, 2023 | 2 min read
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Fintech companies are changing the financial world at an accelerated rate. And while fintech terms can be complicated, they are important to understand whether you’re a consumer, a business, or an outside observer. In part 1 of this series, we discussed fintech definitions from A to D. Now in part 2, we break down key definitions of fintech terms from E to M.
You can see examples of this in grocery stores offering credit cards, PFM tools, or the recently-popular method of 1-click payments found in restaurants or small businesses.
The FDX standard puts the needs of consumers first. Enabling people to see all their data in one place benefits customers, financial institutions, and fintechs. For businesses, it creates greater visibility into their customers to provide more personalized recommendations, products, and services to meet their needs.
August 28, 2023 | 2 min read
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