Open Banking initiatives are gaining traction globally, extending beyond the initial scope of PSD2. What new business models or revenue streams are you exploring that leverage enhanced data sharing and third-party access to financial accounts?
Definitely seeing a lot of potential in personalized financial advice leveraging aggregated data from multiple accounts. It's a goldmine for tailored investment strategies, assuming robust privacy frameworks are in place.
Beyond just advice, I'm thinking about embedded finance solutions. Imagine getting a loan offer pre-approved and integrated right at the point of sale, based on your real-time financial health, not just a static credit score.
While the new models are exciting, let's not forget the security implications. More access means more potential vulnerabilities. How are we ensuring the integrity and security of this expanded data sharing?