Open banking is the future

A study conducted by Q2 and Cornerstone Advisors showed that young people are interested in integrating traditional banking services with financial technology. Ron Shevlin (Forbes) describes the American situation (fewer than 87% of consumers do their banking on a mobile device today) and explains that Goldman’s move to open its trading platform from the perspective of an open banking model could influence the choices of other banking institutions. Government regulation, industrial consortia and implementation of platforms to encourage interaction are the fundamental elements for this revolution.