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Showing posts from 2020

Covid19 - A threat against traditional Banking

I would like to start this blog post by wishing all of you to be safe from Covid19 and wish all infected ones safe speedy recovery from the decease.. Due to the global pandemic situation,  'working from home' , "delivery food/goods to your homes" and importantly "purchases via digital money" have been become the norms for the situation.  Thinking further this global epidemic situation has made a huge opportunity for banks on digitalizing projects. As I expressed earlier "purchases via digital money" is the norm which banks has to rethink about their current offerings. For "purchases via digital money" ,Open Banking is the main capability that banks should have.Open Banking has become a global trend during last few years due to the regulations and obligations set by law in different regions as EU, AU. From the experiences with closely worked on open banking field the common observation which I felt was banks tried to become open ba