In other words, it is being able to open information systems and no longer have technological tools based on monolithic information. It is a modular information system, open to the outside and allowing the use of services by «bricks» or services provided by companies or competitors that can be integrated in the existing system of financial institutions. For example, if a bank needs to set up a pricing system for its financial products, it can have recourse to a fintech specialized in this service. In addition, if a banking entity has a «brick and mortar payment service «, it can provide it to fintech companies that may need it and which do not necessarily have the approval to offer this type of service or to other banks or partners. Obviously, at the technological level, there are many entities and new services that are being put in place. What is interesting is that ultimately the big digital players, be it banks, Google or others, who have had to face the problems linked to cyber security, are continually concerned with data and client protection. The financial players are more aware of the risks and have been able to position themselves as trustworthy
White Paper on innovation and technology at the service of finance
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