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Embrace Financial Science and Technology, Build an Open Bank Ecosphere and Open Bank Series

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Embrace Financial Science and Technology, Build an Open Bank Ecosphere and Open Bank Series
In 2018, with the rapid development of financial technology companies based on artificial intelligence, cloud computing, big data, block chains and other technologies, the impact of financial technology companies on traditional banking industry is increasing day by day. They are trying to find the best way to cooperate with these potential threats of technological innovators. 2018 is considered the first year of open banking. More and more traditional banks are seeking to cooperate with new financial technologists, to set up subsidiaries of financial technology, to strengthen in-depth cooperation with other vertical related fields, to improve customer service capabilities and quality of service, and to explore their own way of opening up. What is Open Bank? The concept of Open Banking originated from the United Kingdom. In August 2015, at the request of the Ministry of Finance, the Open Banking Working Group (OBWG) was established to study how to share data service customers and build an open bank. In March 2016, OBWG officially released the Open Banking Standard (\"The Ope...
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