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Islamic Finance

How open banking can help advance Islamic finance


Banks are regulated businesses, designed to function as conservative institutions. But in today’s tech-driven world, where the consumer values agility and convenience, siloed operations could impact an organization’s consumer pool, and ultimately its bottom line. Regulators cognisant of the shifting sands of the world’s financial landscape are accelerating innovations such as open banking to create a more interconnected environment. 

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tags:

Open banking
Fintech
Banks
Businesses
Consumers
Framework