Banks are scared. They’ve seen the rise of the new world of open APIs, apps and analytics and know that their organisations are not yet ready or fit to change to that world. What to do? Well, the easiest thing to do is block access to the bank’s data. If third party fintech firms cannot get access to the customer’s financial data, you can severely limit what they can do. Brilliant … and it’s just what banks are doing. Read more: banknxt.com
