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> Europe only for now. Why? IMHO banking infra is very mature, and banking regulation helps these kind of initiatives. Other regions might also have many inno
by makeitdouble 2y ago
> Europe only for now. Why?
IMHO banking infra is very mature, and banking regulation helps these kind of initiatives.
Other regions might also have many innovative companies, but there's probably no central rule guaranteeing banks have an API or are interoperable at all.
- FabHK 2y agoIndeed, as the article states: > Visa’s A2A product relies on a technology called open banking, which requires lenders to provide third-party fintechs with access to consumer banking data. > Open banking has gained popularity over the years, especially in Europe, thanks to regulatory reforms to the banking system.
- PaulDavisThe1st 2y agoBut wait! I thought that open markets with low to zero regulations were the only way to ensure a competitive environment?