What is open banking and how does it work? Businesses and Individuals.

Open banking is a system where banks securely share financial data with authorized third-party apps, using secure APIs, only with explicit customer consent.
For Individuals: It aggregates accounts into a single dashboard. It offers personalized budgeting insights and enables direct, cardless online payments.
For Businesses: It automates accounting reconciliation. It cuts credit card processing fees by accepting direct bank payments and simplifies cash-flow management across multiple banks.

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