Expanding on open banking, open finance aims to make it easier to share additional layers of data in order to support new financial applications. Connecting data from various services allows for the creation of more individualized and comprehensive offerings. Open finance, on the other hand, proposes collecting all of a user's financial information in one location, including but not limited to bank transactions, purchases made with digital wallets, payments made with insurance and retirement accounts, investments, and money transfers, and cryptocurrency transactions. So, opting for an
Open finance development would help you stay intact with the trend.
