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Laying the Foundation for an Open Finance Future.

Published by Plaid

The whitepaper "Laying the Foundation for an Open Finance Future" by Plaid discusses the transition from open banking to open finance, emphasizing the expanded opportunities for innovation and partnership. Key developments include evolving consumer preferences, regulatory frameworks, and advancing technologies. The report provides strategic recommendations for financial institutions to embrace open finance, highlighting the importance of third-party engagement, user experience, and new business models. It underscores the need for collaboration across sectors to derive value from new data-driven structures and prepares financial institutions for the future of open finance.

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