Regulatory compliances have given an initial push to open banking adoption in certain parts of the world. However, evolving consumer expectations and fierce competition from innovative Startups are catalysing the demand for open banking in countries without explicit regulations around the technology. By restricting open banking application to mere regulatory compliance, traditional financial service providers risk being reduced to back-office service providers to new-age specialists rolling out innovative, customer-centric solutions.
Open banking offers financial institutions a chance to quickly adapt to the technologically-advancing financial landscape and gain a competitive advantage in the rapidly changing environment. Is creating connected experiences and rolling out innovative products at an accelerated pace on your agenda?
Kiya.ai is a secured open banking platform offering comprehensive tools required for financial institutions to embrace the API economy. The platform integrates with the legacy systems and empowers financial service providers to extend their core banking services to innovative digital players and create connected, intuitive customer experiences at lower costs and higher efficiencies.
Bring in the Kiya.ai Advantage