Should Banks Be Allowed to Put Fees on Open Banking?

Should banks be allowed to put fees on open banking?

Should banks be allowed to charge fintechs to access customer data? And could doing so stifle open banking innovations?

Noda Brings Advanced Open Banking Solutions to Lithuanian Businesses - Fintech in Baltic

As digital commerce continues to evolve, more businesses in Lithuania are exploring new ways to improve the efficiency and security of their payment processes. One area gaining traction is Open Banking — a framework that enables direct payments between banks, reducing the reliance on traditional card networks and helping companies optimise operations. Responding to this shift, Noda, a global Open Banking platform, is introducing a dedicated offe…

Today, the European payment infrastructure is heavily dependent on US providers such as Visa, Mastercard or PayPal. Open banking and A2A payments offer an opportunity for strategic independence.