\n The Open Banking Phenomenon, Explained <\/a>\n <\/h2>\n \n Time to Read: 9 minutes Highlights: An introduction to open banking, its key concepts, and implications for payments industry participants\u00a0 A framework for understanding open banking principles Adoption and usage statistics What is Open Banking and Why Does it Matter? Over the last few years, the concept of open banking has gained popularity with numerous banks and fintechs eager to upend the traditional banking experience. Driven by regulation and market dynamics, open banking is taking root around the world. To guide this global phenomenon, open banking regulations are going into force in Russia, China and Southeast Asia. Mexico, Brazil […] <\/div>\n\n <\/div>\n<\/article><\/div>