The global open banking market is on a formidable growth path, with its valuation set to skyrocket from $13.9 billion in 2020 to an estimated $123.7 billion by 2031. This expansion reflects a profound transformation within the financial services industry, underpinned by innovative technologies and
Small and medium-sized enterprises (SMEs) often struggle with the obstacles posed by traditional bank loans, from demanding application processes to strict criteria for approval. However, the emergence of open banking is beginning to revolutionize how these businesses access financing. Open banking
