Big players open up to burgeoning open banking technology

SA’s largest financial institutions are increasingly getting on board with open technologies that give innovative fintech companies access to certain customer information and banking systems. The move indicates an acknowledgment from established traditional players of the innovations fintech is bringing to financial services.

Fintech continues to be one of the big areas of innovation and technology investment in Africa. But how do new and fast-growing fintech players, particularly those providing payment solutions, integrate with established banks?..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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