electronic money institution

https://www.youtube.com/watch?v=dkOvkhkaHY4 As the banking system advances towards digitalization, Open Banking is emerging as an innovative technology designed to improve customer experience. Open Banking allows customers to manage their financial data and share it with authorized third parties securely. This method beats the traditional way of managing finances, as it allows customers to control their own …

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We are at a point in time when the traditional banking system is rapidly changing. With the coming of digital technologies and the internet, there has been an emergence of a new kind of financial institution called an Electronic Money Institution (EMI). Even though EMIs are not banks, they provide financial services that are similar …

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