It is becoming patently clear that financial services are moving in a very specific direction from a technology perspective. The direction is towards Digital Identity, Open Banking, and Open Finance. For example, according to www.openbanking.org.uk there were 771m API calls in August alone in the UK.
Open Banking (OB) has become a buzzword spreading like wildfire across the globe. Recently in South Africa (SA) all sorts of companies and people are getting excited about OB and the way it is going to change the way we manage and transact our financial affairs.