Blog News Akamai Blog | Open Finance — 5 Reasons to Consider Akamai The increased use of smart devices, improved connectivity, and today’s hyper demanding customers are driving the need for digital transformation in the finance sector. Emerging technologies like open banking are creating new opportunities for both incumbent banks and fintechs. \n Building on the conceptual framework of open banking, Open Finance stands out as a game changer in the sector’s digital transformation, thanks to innovations driven by the rise of fintech–bank collaborations, such as automated onboarding, smart budgeting, account aggregation, automated accounting, and credit risk assessment. \n \n   \n"}}"> The increased use of smart devices, improved connectivity, and today’s hyper demanding customers are driving the need for digital transformation in the finance sector. Emerging technologies like open banking are creating new opportunities for both incumbent banks and fintechs.…