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Islamic Finance: Move Towards Open Banking Set To Accelerate

Islamic Finance: Move Towards Open Banking Set To Accelerate

https://islamicmarkets.com/articles/islamic-finance-move-towards-open-banking-set-to-accelerate
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Adoption of open banking by financial institutions, Governments, fintechs and other stakeholders is expected to increase by 2025 Open banking will enable the offering of more innovative products and lead to greater use of fintech solutions. This research was conducted among 346 leading Islamic finance professionals working across sectors by IslamicMarkets.com during August 2022.

The Islamic finance sector is expected to move rapidly towards greater use of open banking over the next three years, according to a recent study.

The research undertaken by IslamicMarkets.com to support the Global Islamic Finance Forum 2022 (GIFF2022) set to take place on the 5th - 6th of October 2022, the adoption of open banking by financial institutions, governments, fintechs, and other...