Asia’s Open Banking Opportunity, Presented by Finastra and Kapronasia
The Asia-Pacific region is set to be the primary engine of global economic growth in the 21st century. It is home to two of the world’s three largest economies, the two largest countries by population and more fast-growing emerging markets than any other region globally.
A major shift is retail banking with today’s financial services landscape is more competitive than ever before. The opportunity presented by open banking, facilitated by open APIs, means new players can enter the market from any direction and claim market share. Challengers are providing ever-more innovative ways to make customers leave the incumbent banks, while the incumbents are looking for ways to make them stay.
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