TLDR Tech / Fintech
Why fintechs may skirt the US
Delays to US open banking rules are widening the payments innovation gap with Europe, where standardized APIs and instant account-to-account payments make it easier for fintechs to launch and scale. Without clearer mandates, US banks may remain dependent on costly integrations and insecure screen scraping, while global fintechs prioritize markets with better data access, lower processing costs, and more consistent regulation.
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