The Potential of Open Banking to Serve Undeserved Communities

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Open banking is making it much easier for businesss to get an understanding of peoples like credit history, if they're not a if they're in a community that is under banked or unbanked entirely. We've seen some real innovation around what's been happening and throughout covid. A lot of the functionality around payment has become very composable now. It's like lots of small pieces that can be actually, ike, knitted together in really innevative ways.

Growing preference for digital payments over cash is changing the nature of how people interact with money, with significant implications for businesses. Digital payments are helping new businesses reach consumers in new ways and established businesses to expand and diversify their client bases. How should companies adapt their products, services and payments infrastructure to remove the pain of payment?