Finance

neon-lit banks along river

In today’s era of disruption and transformation, open banking represents a fundamental shift in the concept of banking. Turning it into an industry where customers can offer their data to third parties, in return for more personalised services. In the Asia Pacific region, this is happening at high speed. By 2020, 99 out of 100 executives at large banks plan to invest in open banking initiatives....

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safety deposit boxes

Consider a standard financial exchange, such as buying property. Various intermediaries are involved, each requiring fees for their involvement. Whether that’s verifying, querying or confirming a transaction. Naturally, the more links there are in a chain, the more delays are likely to occur. The result is that buyers and sellers are regularly left waiting, without clear knowledge of how things are progressing. As a digital ledge technology...

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