With open banking on the horizon, the fintech-SME love story is just beginning

Another great example of data-driven innovation is Open Banking. And its impact are just starting to become clear. This is a great summary of why.

https://techcrunch.com/2021/07/16/with-open-banking-on-the-horizon-the-fintech-sme-love-story-is-just-beginning/

Since open banking requires that banks make valuable data available via APIs, it is leading to a revolution in the way that small and mid-size enterprises (SMEs) are funded — one in which data, and not hard capital, is the most important factor driving fintech success.