Open Finance Is All Set To Become The Next Frontier In Fintech

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Open Finance is not just considered to be an extension but the next big step in the fintech journey. Over the past decade, Fintech companies have been quite successful in digitizing financial services that improved both access and user experience with low concentration risks. Q2 2021 hedge fund letters, conferences and more Fintech companies emerged to give a more balanced competition to traditional banks in two areas; accessibility and convenience of financial services. Back in 2018, the global fintech industry was worth $127.66 billion and is forecasted to reach $309.98 billion by 2022. Amid…

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