81% of consumers say they are more likely to stay with a bank that offers personalized services enabled by open banking and API integration.
Financial institutions using open banking APIs report a 15-20% increase in average revenue per user (ARPU).
Banks using open banking and API integration can reduce customer acquisition costs by 20-50% by leveraging data insights to target customers more effectively and streamline onboarding processes.
70% of financial institutions believe that API integration has improved their compliance with data protection regulations and reduced associated risks.
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