The pace of open banking in Europe, UK, Middle East and Africa has been steadily picking up rhythm over the past few years. The digital infrastructure is now in place to enable a wider range of connected, integrated financial services to be offered to consumers. In turn, key sectors are now jumping on the opportunity to embed financial services into their broader offerings.
This report highlights the evolution we are seeing in insurance, pensions, wealth management, energy and utilities: key sectors that we all use regularly and could not do without. Thanks to open banking and open finance infrastructure, these sectors are diversifying and personalizing their offerings creating new, more targeted, more meaningful products with easier onboarding for customers, better payment terms, and more customized features.
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