How Open Banking Can Jumpstart the U.S. Economy

How Open Banking Can Jumpstart the U.S. Economy

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A strong recovery in a post-pandemic world can only happen if the country embraces open banking.

If the pandemic has done anything for small businesses, it’s emphasized just how important these companies are to the economy. As they struggle to operate with limited cash reserves and little access to credit, it’s time for the U.S. to open its door to open banking before the growing number of small business closures becomes permanent.

In this whitepaper, we discuss how open banking is imperative for the U.S. economy to recover, and the approaches some American banks are taking to get a head start.

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FISPAN’s contextual business banking platform makes it simple for banks to offer commercial banking services embedded within ERP and business applications. FISPAN enables banks to provide a best-in-class commercial banking experience by removing friction and adding value to how clients operate their business.