Open Banking for Consumer Lending

Digital lending has become a remedy for the pain points customers are experiencing with traditional lending, namely cumbersome loan processes and good credit history requirements for getting access to bank loans. In addition, the appearance of digital lending was caused by the digitization of personal finance management because digital lenders were looking for ways to satisfy customers who expressed a preference for digital services.

What is Open banking? What is its meaning and essence for digital lending?

Sergei Artimenia

Director of Business Development

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