Fintechs are financial platforms that democratize finance, as well as the ecosystem, technology and companies on which they rely Fintechs are the next iteration of the financial world. What are these financial platforms and what types are there? In Spain, fintech companies are creating a mature and growing market thanks to the inherent advantages of […]
In 2020, the fintech industry consolidated in Spain, with a sector growth of +15% in the year
Open banking simplifies the request for information about loans and mortgages and facilitates the buying process for the user, which can be carried out in the actual search process.
The PSD2 regulation opened up banking infrastructure to third parties and revolutionized banking as we know it. Particularly as regards contracts for products whose rules seemed set in stone, such as mortgage applications. Thanks to APIs, this can be done entirely online, without going to a branch and minimizing friction in the process.
The real estate sector is becoming digitized by investing in technological solutions to adapt to a user looking for simple processes and transparent documentation in the purchasing processes.
Carlos López-Moctezuma analyzes the present and future of open banking in a roundtable dedicated to this matter, where essential questions such as user growth curve, the role played by fintech and the profound evolution that banks such as BBVA and others have experienced in the past few years.
Open banking is transforming the banking business as we know it, and the mortgage market was not going to be left out. Mortgages are the main business of many banks, which is why many of them are seeking to adapt their marketing to this new reality.
At the moment, APIs can be divided into two major groups as regards the business model: APIs which are understood as a tool; and APIs which are a product themselves.
Product Design, User-Focused Design (UFD) and User Experience (UE) cannot be understood without APIs. Neither can the role played by major technologies in hardware and software production.
