Open Banking, P2P and DeFi Define The Consumer Experience
There are three great revolutions in consumer finance unfolding in front of our eyes.
1 Global democratization of open banking data offering businesses like yours deeper insights into consumer finances 2 Consumers conducting financial transactions on P2P payment platforms 3 Using blockchain technology, a DeFi movement is underway that will transition us from centralized currency to cryptocurrency.
Your businesses will need better credit decisioning and marketing tools to win this revolution. That's where Pequa Bay Associates comes in.
Eight in ten North Americans are linking their bank accounts
Use of technology to manage money is mainstream
More than 20% of North Americans own bitcoin...and growing
Most businesses lack the insight to use this knowledge to their benefit
The State of Open Banking
Technology is second nature for managing finances
Technology has become ubiquitous for financial management and North American consumers are confident in using technology to manage their money
Convenience is a top driver for using technology to manage finances
Younger North American consumers are leaning into fintech more for experimentation and social needs
Open-banking is mainstream whether consumers realize it or not
Consumers are looking to save time, money, and improve their financial health, while automating the financial process
Very Confident (8-10)
Very Confident (8-10)
There is a generational transition underway. In 5 years, the way consumers conduct financial transactions will be unrecognizable. If your business requires insight for customer acquisitions, including credit decisioning, how will you stay ahead of these changes? Will you be ready? Here's how Pequa Bay Associates can help you:
Using open banking data, we will develop predictive assessments of your prospective and current customers to grow your business.
Provide analysis and insight into P2P and crypto trends to help you develop new customer acquisition and retention strategies.
Devise the technology solutions that give you the flexibility to service and financial tools you need to work with consumers in this evolving environment.