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PYMNTS Trends Talk: Loan Servicing and Open Banking

Institutions that leverage open banking technology in the process can minimize risk, reduce friction and speed up their services to consumers and businesses alike. That move toward greater efficiencies comes as end-users grant account permission during underwriting, which then can be used to expedite repayment, too.

In this video, Mastercard SVP of Open Banking Credit Services Lisa Kimball discusses: