Oddball Academy Group

The Backbone of Modern Smart Devices

Embedded Technology is at the heart of smart devices, enabling them to process information, communicate, and make autonomous decisions. From wearable health trackers to connected home appliances, these systems combine hardware and software for seamless functionality. With advancements in AI integration, embedded devices now deliver real-time insights that drive efficiency and convenience.

Introduction

Open Banking is a transformative movement in the financial services industry, aimed at reshaping how consumers interact with their banks and manage their finances. By allowing third-party providers secure access to financial data (with customer consent), Open Banking is unlocking a new era of innovation, competition, and customer-centric services in banking.

What is Open Banking?

Open Banking refers to the practice of banks and financial institutions opening up access to customer banking, transaction, and other financial data to third-party providers through the use of application programming interfaces (APIs). The core idea is to give consumers control over their data and promote transparency and innovation in the financial sector.

This concept is driven by regulations such as the Revised Payment Services Directive (PSD2) in Europe and similar initiatives in countries like the UK, Australia, India, and Brazil.

How Open Banking Works

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