For me, the term “network of networks” really resonates with the change we are currently seeing throughout the world. We are seeing limitations not only around payments but how we communicate and transact, all of which will all be governed by secure API’s and data. Since data aggregation is a critical component to the open banking eco-system, Visa has strategically placed itself as one of the major players in the market, with their acquisition of Plaid, which really shook up the fintech world and put Visa in a domination position.
For me, the term “network of networks” really resonates with the change we are currently seeing throughout the world. We are seeing limitations not only around payments but how we communicate and transact, all of which will all be governed by secure API’s and data. Since data aggregation is a critical component to the open banking eco-system, Visa has strategically placed itself as one of the major players in the market, with their acquisition of Plaid, which really shook up the fintech world and put Visa in a domination position.