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Digital journeysJuly 23 2021

Forget open banking — it’s all about open commerce

Banks need to rethink their positions in the whole customer supply and value chain. 
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Forget open banking — it’s all about open commerce

It is interesting that when we discuss innovation in finance, most of the conversation is about banking-as-a-service (BaaS), fintech and open banking. This conversation is coming from the wrong angle though — we should absolutely not be talking about open banking.

Instead, we should be talking about open commerce. Why? Because the emphasis is different.

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