Small businesses urged to implement Open Banking
Small businesses lack awareness of the banking revolution, two years after the introduction of Open Banking, new research led by Intuit Quickbooks has revealed.
While most small businesses owners have heard of Open Banking, almost half are unable to explain the term or do not fully understand its meaning, according to the study. Nearly half of respondents (48%) also do not believe that technology will impact their business, despite the improvement it could provide to business cash flow management.
Read more at Accountancy Age.