Vancouver, Oct. 31, 2023 (GLOBE NEWSWIRE) — The global open banking market size was USD 13.77 billion in 2022 and is expected to register a rapid revenue CAGR of 22.8% during the forecast period.Several key factors are driving this growth, including the adoption of innovative technologies like Artificial Intelligence (AI) and the Internet of Things (IoT), the rise of e-commerce platforms, improved internet connectivity, and the use of Application Programming Interfaces (APIs). The shift from traditional banking to online banking and financial services is also a significant contributor.
(GlobeNewsWire)