Между иновациите и сигурността: ползи и предизвикателства на отвореното банкиране за малки и средни предприятия (МСП)
Between Innovation and Security: Benefits and Challenges of Open Banking for Small and Medium-Sized Enterprises (SMEs)

Summary/Abstract: Open banking is a financial innovation characterized by a dual nature. On one hand, open banking provides businesses with numerous opportunities related to improved cash flow management, easier access to more flexible financial services, and increased operational efficiency. On the other hand, open banking entails certain risks for businesses, ranging from sensitive data protection and cybersecurity to regulatory requirements, technological integration, and the need to enhance the digital literacy of the organization. Understanding the advantages and disadvantages of open banking allows business organizations to adopt a balanced approach, where the innovative potential of open banking is realized through clearly defined control and risk management mechanisms. The successful implementation of open banking in SMEs requires strategic planning, partnerships with reliable fintech providers, and the cultivation of a digital security culture to achieve sustainable growth and a competitive advantage

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