BankThink Consumer-permissioned data could be a game-changer for borrowers
July 19, 2024–(AMERICAN BANKER)
The modern consumer’s financial landscape has become a complex web of traditional bank accounts, credit union memberships, online-only bank accounts, investment accounts, mobile wallets and peer-to-peer payment apps. This financial fragmentation offers flexibility and choice but poses significant challenges for traditional banks striving to maintain customer loyalty and data sovereignty.
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