Nearly three in four bank customers interested in open banking

As many as 72 percent of bank customers in Poland are interested in financial services based on open banking, according to a Mastercard study. Mastercard proposed 18 original concepts of innovative solutions that were assessed by consumers in a study carried out by Kantar TNS.

The respondents liked the services that increase the convenience in financial management and guarantee them additional benefits, such as lower prices.

Open banking is a banking practice that provides third-party financial service providers open access to consumer banking, transaction, and other financial data from banks and non-bank financial institutions through the use of application programming interfaces (APIs), states Investopedia website.

(ISBnews)