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In today’s digital landscape, open banking is revolutionizing the way data is shared, making it simpler to switch bank accounts and tearing down the barriers between financial institutions. Despite these advancements, FinTech companiesstill face significant challenges from traditional banking systems, which can hinder their growth. This article delves into these challenges and underscores the transformative potential of open banking in the FinTech sector. Traditional Finance Challenges for FinTech Traditional finan... more