Just what we needed.
It looks to solve one of the industry’s biggest challenges of showing all the great work which is being done, and how solutions are solving problems.
“Consumers and SMEs need more clarity than ever on how to manage their finances through this difficult time. With the number of banks and fintechs offering Open Banking-enabled products growing so rapidly, deciphering the advantages of each product can seem daunting,” said the OBIE’s ecosystem development director David Beardmore.
The App Store is just one of the OBIE’s steps to raise awareness of Open Banking projects, including a monthly roundup of provider numbers and milestones, and events with third-party providers.
“Better knowledge and greater awareness equate to more power in the hands of customers,” said Beardmore.
While the Open Banking App Store is far from a silver bullet for all of Open Banking’s woes, it goes some way towards highlighting the great work that is being done and might just help a few consumers and businesses access these services.