More than 87% of countries have already established some form of Open APIs in the banking industry. According to LearnBonds, there are over 10,000 financial institutions around the world with open banking implementations.
Mergermarket recently published its 3Q19 report which revealed that the slowdown in dealmaking spread to the US market in 3Q19, causing global M&A to drop 11.4% year-to-date (YTD) on last year to USD 2.49tn (across 13,304 deals).
While financial markets in the UK remain focused on the latest Brexit developments, the key concern elsewhere is whether the global economy is heading for recession.
As digital transformation continues to sweep through the economic landscape, many of Britain’s cities display the scars left by businesses who didn’t or couldn’t evolve fast enough.