New Study: Switzerland Is Waiting for These Open Finance Solutions

MoneyToday

Factuality

Ownership

Bank customers are not interested in the two terms open banking and open finance – all the more so in how they can organise their finances, insurances and more comfortably in a single app. Banks deal academically with the terms open banking and open finance, focus more on short-term own benefits, cost savings and do not primarily have the wishes of their customers on the radar. This also depends on banks often not even knowing the open finance w…

finews.ch

Factuality

Ownership

According to a survey conducted by the Lucerne University of Applied Sciences, Swiss banks' customers are open to the idea of a single central app for all banking and insurance transactions. The main focus is on clarity and simplified functionality. While banks are currently focusing on the short-term, technical implementation of open finance, they should explore the strategic potential.