How the fintech revolution will lift all boats

The fintech revolution is transforming the way financial institutions interact with customers by improving their digital experience through open finance technologies. Over 80% of US consumers use digital finance tools to manage their financial lives, and this trend has led to increased collaboration between fintechs, banks, and credit unions. Open finance allows these institutions to connect their customers to thousands of fintech apps and services while utilizing consumer-permissioned data to build their own digital finance apps and tools for personal finance management, investing, and more. Financial services providers are now focusing on creating a clear, long-term digital roadmap that includes secure APIs and strategic partnerships with key players like Plaid.