{"id":531,"date":"2021-01-12T14:00:00","date_gmt":"2021-01-12T14:00:00","guid":{"rendered":"https:\/\/decentro.tech\/blog\/?p=531"},"modified":"2024-06-13T12:24:59","modified_gmt":"2024-06-13T12:24:59","slug":"open-banking-vs-platform-banking","status":"publish","type":"post","link":"https:\/\/decentro.tech\/blog\/open-banking-vs-platform-banking\/","title":{"rendered":"Open Banking Vs. Platform Banking"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/decentro.tech\/blog\/open-banking-vs-platform-banking\/#What_is_Open_Banking\" title=\"What is Open Banking?\">What is Open Banking?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/decentro.tech\/blog\/open-banking-vs-platform-banking\/#What_is_Platform_Banking\" title=\"What is Platform Banking?\">What is Platform Banking?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/decentro.tech\/blog\/open-banking-vs-platform-banking\/#Open_Banking_Vs_Platform_Banking_The_Whys\" title=\"Open Banking Vs Platform Banking: The Whys\u2019\">Open Banking Vs Platform Banking: The Whys\u2019<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/decentro.tech\/blog\/open-banking-vs-platform-banking\/#Examples_Use-cases_of_Open_Banking_Platform_Banking\" title=\"Examples &amp; Use-cases of Open Banking &amp; Platform Banking\">Examples &amp; Use-cases of Open Banking &amp; Platform Banking<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/decentro.tech\/blog\/open-banking-vs-platform-banking\/#Open_Banking_Vs_Platform_Banking_-_Geographic_Variations\" title=\"Open Banking Vs Platform Banking &#8211; Geographic Variations\">Open Banking Vs Platform Banking &#8211; Geographic Variations<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/decentro.tech\/blog\/open-banking-vs-platform-banking\/#How_can_Decentro_Help_your_Business\" title=\"How can Decentro Help your Business?\">How can Decentro Help your Business?<\/a><\/li><\/ul><\/nav><\/div>\n\n<figure class=\"wp-block-image size-large featured-post-img\"><img loading=\"lazy\" width=\"854\" height=\"854\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/Open-Banking-Vs.-Platform-Banking-1.jpg\" alt=\"\" class=\"wp-image-6283\"\/><\/figure>\n\n\n\n<p>Making payments online with just a click of a button. <\/p>\n\n\n\n<p>Transferring funds from one bank to another. <\/p>\n\n\n\n<p>Managing your finances like a pro using budgeting apps.<\/p>\n\n\n\n<p>How things have changed, isn&#8217;t it?<\/p>\n\n\n\n<p>Open Banking Vs. Platform Banking is a highly discussed topic in Fintech today. Banking &amp; finance keeps getting better- more efficient &amp; secure. Thanks to regulations and policies.<\/p>\n\n\n\n<p>There was a time when getting things done, for example, acquiring a loan or getting a mortgage, involved a very elaborate procedure that took significant time and effort. Submitting &amp; getting verified many documents such as credit statements, salary slips, utility &amp; maintenance bills to authenticate your financial stability and capacity to repay. Back &amp; forth between account statements and mortgage providers. You get the picture right.<\/p>\n\n\n\n<p>Companies such as Plaid and Yodlee started screen scraping to extract banking data such as bank balances and transactions. Banks did not have APIs back then, and replicating the internet banking portal seemed like the only option. After consumers logged into their banking portals, they extracted their financial data &amp; shared it with other companies or regulated entities.<\/p>\n\n\n\n<p>Thanks to <a href=\"https:\/\/decentro.tech\/blog\/state-of-open-banking\/\" target=\"_blank\" rel=\"noreferrer noopener\">open banking<\/a>, any third-party financial institution, such as your mortgage providers, can be given selective access to your financial information very securely and use it for granting you a loan or mortgage in a matter of hours. As opposed to days or weeks.<\/p>\n\n\n\n<p>Sounds amazing, doesn\u2019t it? <\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"What_is_Open_Banking\"><\/span><span style=\"color:#20509e\" class=\"has-inline-color\">What is Open Banking?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Let&#8217;s understand what the two terms mean before we move on to dissect the difference between the two. <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-default\"><p>Open banking is a system where banks open their Application Programming Interfaces (APIs) and allow third-party institutions to access certain financial information. This information includes but is not limited to transactions &amp; <a href=\"https:\/\/decentro.tech\/products\/accounts\/\" target=\"_blank\" rel=\"noreferrer noopener\">banking information of account holders<\/a> or clients.<\/p><\/blockquote>\n\n\n\n<p>Customers decide what information must be shared and what\u2019s to be hidden securely, giving them higher financial transparency and control over their financial data. This will help the third-party institutions improve services and the banks to improve the customer experience.<\/p>\n\n\n\n<h4><span style=\"color:#20509e\" class=\"has-inline-color\">Where did Open Banking Originate?<\/span><\/h4>\n\n\n\n<p>The European Union first introduced open banking policies, and the United Kingdom has been hailed as the global leader of open banking.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" width=\"1012\" height=\"1284\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/origin-of-open-banking.jpg\" alt=\"A history of Open Banking\" class=\"wp-image-532\"\/><figcaption>Source:&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/knowledge.fintecsystems.com\/en\/blog\/the-history-of-open-banking\" target=\"_blank\">Fintecsystems<\/a><\/figcaption><\/figure><\/div>\n\n\n\n<p>PSD1, or Payment Services Directive, was devised by The European Commission in 2007, but it was only until its successor PSD2 was enforced in January 2018 when open banking came into full throttle.<\/p>\n\n\n\n<p>PSD2 made open banking mandatory in Europe &#8211; all banks had to furnish their APIs to third-parties, thereby giving customers higher control over their financials.<\/p>\n\n\n\n<p>Although the European countries lead the scenario, others like the US, India, Australia, and Singapore are catching up quickly and being an essential part of the open banking system narrative.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"What_is_Platform_Banking\"><\/span><span style=\"color:#20509e\" class=\"has-inline-color\">What is Platform Banking?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Platform Banking or Banking-as-a-Service (BaaS) is something that is even bigger and more impactful. <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-default\"><p>Platform Banking enables companies and fintechs to offer banking products and services via API banking platforms. A great example would be a neobank building its services on top of a BaaS player that runs on top of regulated banks.<\/p><\/blockquote>\n\n\n\n<p>Software vendors or the bank\u2019s in-house teams develop the necessary applications and workflows to publish APIs. The banks then try to offer this platform to enrich customer experience and make banking smooth.<\/p>\n\n\n\n<p>For example,&nbsp;<strong>Bank Open<\/strong>, India\u2019s first SME-focused <a href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/\" target=\"_blank\" rel=\"noreferrer noopener\">neobank<\/a>, has built its infrastructure on top of ICICI Bank and enabled workflows around bank accounts, and payments.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Open_Banking_Vs_Platform_Banking_The_Whys\"><\/span><span style=\"color:#20509e\" class=\"has-inline-color\">Open Banking Vs Platform Banking: The Whys\u2019<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Let\u2019s move on to the million-dollar question- How&#8217;s Open Banking different from Platform Banking? Both have the same end goal- to improve the banking experience for customers and the overall efficiency. However, why do we think these are the biggest trends of the decade?<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-default\"><p>Open banking involves sharing financial data with third parties upon due consent by clients. On the other hand, platform banking involves either setting up the infrastructure for a better banking model or improving the existing one using technology-centered companies.<\/p><\/blockquote>\n\n\n\n<p>Let\u2019s find out.<\/p>\n\n\n\n<p>According to a&nbsp;<a href=\"https:\/\/www.pwc.co.uk\/industries\/banking-capital-markets\/insights\/open-banking-shapes-future-uk-retail-commercial-banking.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">report by PwC<\/a>, around <strong>39% of clients <\/strong>are willing to share their data with third-party companies if that meant benefits and a better experience.<\/p>\n\n\n\n<p><strong>With open banking:<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" width=\"2714\" height=\"725\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/features-of-open-banking.jpg\" alt=\"Here are the benefits of open banking.\" class=\"wp-image-533\" title=\"Benefits of Open Banking\"\/><figcaption>Benefits of Open Banking<\/figcaption><\/figure><\/div>\n\n\n\n<h4><span style=\"color:#20509e\" class=\"has-inline-color\">You get Better Financial Transparency<\/span><\/h4>\n\n\n\n<p>Access all your financial data in one place; find better deals, open the right accounts, opt for the better loan options, plan better for your expenditures. The app you choose to share the details with is entirely your choice.<\/p>\n\n\n\n<h4><span style=\"color:#20509e\" class=\"has-inline-color\">Quick &amp; Efficient Payments<\/span><\/h4>\n\n\n\n<p>It becomes effortless to transfer payments from one bank to another or a third-party app. Wish to recharge your phone bill? Cable bill? No worries there!<\/p>\n\n\n\n<h4><span style=\"color:#20509e\" class=\"has-inline-color\">Improved Banking Experience<\/span><\/h4>\n\n\n\n<p>Open banking benefits customers with a better operating experience and helps the bank to amp up its offerings and expand the customer base.<\/p>\n\n\n\n<h4><span style=\"color:#20509e\" class=\"has-inline-color\">Increased Referrals<\/span><\/h4>\n\n\n\n<p>The collaboration from open banking brings in referrals easily\u2014both for the third party and the bank.<\/p>\n\n\n\n<h4>The Other Side<\/h4>\n\n\n\n<p>While open banking merits make a strong case, we must not forget the added burden it brings alongside-&nbsp;<a href=\"https:\/\/decentro.tech\/products\/aml-compliance\/\" target=\"_blank\" rel=\"noreferrer noopener\">security &amp; compliance.<\/a> The threat posed by malicious applications is real- for the client\u2019s financial privacy &amp; data. <\/p>\n\n\n\n<p>The alternative screen scraping approach is highly prone to errors and frauds, and hence governments are cautious before regulating these activities.<\/p>\n\n\n\n<p>On the other hand, platform banking can help resolve all these issues since the APIs are open for a deeply integrated use case. BaaS companies go through an integration process that lasts for at least a few months. This exhaustive onboarding process is critical as the bank should get enough comfort on the platform concerning trust, privacy, and client satisfaction. The BaaS company is then able to <a href=\"https:\/\/decentro.tech\/blog\/what-is-kyc-why-is-it-important\/\" target=\"_blank\" rel=\"noreferrer noopener\">onboard its customers<\/a> within a few weeks.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Examples_Use-cases_of_Open_Banking_Platform_Banking\"><\/span><span style=\"color:#20509e\" class=\"has-inline-color\">Examples &amp; Use-cases of Open Banking &amp; Platform Banking<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h4><span style=\"color:#20509e\" class=\"has-inline-color\">Open Banking<\/span><\/h4>\n\n\n\n<p>A Small &amp; Medium Enterprise(SME) can use open banking to share alternate data with lenders and avail loans. This data includes(but is not limited to) transaction history and tax invoices. While the underlying bank provider fetches the bank statements, the tax invoices are taken from government authorities.<\/p>\n\n\n\n<h4><span style=\"color:#20509e\" class=\"has-inline-color\">Platform Banking<\/span><\/h4>\n\n\n\n<p>A marketplace with a network of multiple SMEs can use platform banking to optimize its payment, banking, and lending workflows. The platform can offer financial services to its SMEs. This includes faster and cheaper bank payments, connecting bank accounts (for transaction analysis), issuing prepaid or expense cards for the SMEs\u2019 employees, and offering multiple loan options in case of a working capital crunch. Thus, platform banking enables any company to provide native banking and financial services.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Open_Banking_Vs_Platform_Banking_-_Geographic_Variations\"><\/span><span style=\"color:#20509e\" class=\"has-inline-color\">Open Banking Vs Platform Banking &#8211; Geographic Variations<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In 2016, the RBI approved the construct of Account Aggregators or AA. With this policy, a <a href=\"https:\/\/decentro.tech\/blog\/what-are-non-banking-financial-institutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">Non-Banking Financial Company<\/a>&#8211; Account Aggregator (<a href=\"https:\/\/decentro.tech\/blog\/list-of-top-upcoming-nbfcs-india\/\" target=\"_blank\" rel=\"noreferrer noopener\">NBFC<\/a>-AA) gives the ability to share banking details with any company- A significant step in&nbsp;India\u2019s financial blueprint&nbsp;towards open banking.<\/p>\n\n\n\n<p>Indian banks such as RBL Bank and Yes Bank have taken the new route long back, 2013 to be precise, to open their APIs to partner companies to build better financial models. These <a href=\"https:\/\/decentro.tech\/blog\/why-your-company-should-start-looking-at-banking-apis\/\" target=\"_blank\" rel=\"noreferrer noopener\">banking APIs<\/a> fuelled the early innovation in payments across industries such as food delivery, e-commerce, and investments. However, as expected, the integration quality and times have been 10X behind, to say the least, creating a space for BaaS players to solve this massive challenge.<\/p>\n\n\n\n<h4>Moving on to the APAC <\/h4>\n\n\n\n<p>Singapore recently launched its own version of Account Aggregation called Singapore Financial Data Exchange (SGFinDex) in December 2020. With this protocol, Singaporean consumers and businesses can easily share their financial data with regulated financial and government institutions.<\/p>\n\n\n\n<p>In 2016, the Monetary Authority of Singapore [MAS] released 12 APIs to enable third parties to bring up innovative solutions that improve banking. Some, but not all, of the use-cases that get implemented with ease include:<\/p>\n\n\n\n<ol><li>Companies filing tax returns after calculating exchange rates<\/li><li>Extracting the credit statistics of a demographic<\/li><\/ol>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"How_can_Decentro_Help_your_Business\"><\/span><span style=\"color:#20509e\" class=\"has-inline-color\">How can Decentro Help your Business?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>At Decentro, we\u2019re firm believers in the <a href=\"https:\/\/decentro.tech\/blog\/how-business-banking-as-a-service-empowers-your-customers\/\">Banking-as-a-Service<\/a> (BaaS) innovation and wish to extend banking workflows to all kinds of customers. In a hyper-personalized world, companies have started differentiating themselves by building their personalized user workflows using APIs. Besides absorbing the complex banking workflows, our platform takes care of the underlying regulations while dealing with each banking product. <\/p>\n\n\n\n<p>Our <a href=\"https:\/\/decentro.tech\/products\/kyc-onboarding\/\" target=\"_blank\" rel=\"noreferrer noopener\">KYC module<\/a> is one small step towards open banking and we plan to add more innovation and leverage the underlying government and regulatory stacks. And most importantly, we take care of both kinds of downtimes and outages in an automated and streamlined fashion &#8211; when a bank provider goes down intermittently or even permanently.<\/p>\n\n\n\n<p>Hit us up to learn more! We\u2019re just a chat or email away: <strong>hello@decentro.tech<\/strong><\/p>\n\n\n\n<p>Until we see you next time,<\/p>\n\n\n\n<p>Cheers!<\/p>\n\n\n\n<p>P.S. If you wish to be a part of this revolution, we&#8217;re hiring! Please apply on&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/angel.co\/decentro\/jobs\" target=\"_blank\">AngelList<\/a>&nbsp;to find your next challenge.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two keywords that are fairly popular in fintech these days, yet, confusing to many. Let&#8217;s decode it today. <\/p>\n","protected":false},"author":4,"featured_media":534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[21],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Open Banking Vs Platform Banking - Decentro<\/title>\n<meta name=\"description\" content=\"Learn the essence of Open Banking Vs. Platform Banking and the global banking weather with Decentro\u2019s pocket guide, in under 4 minutes!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/decentro.tech\/blog\/open-banking-vs-platform-banking\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Open Banking Vs. Platform Banking - Decentro\" \/>\n<meta property=\"og:description\" content=\"Learn the essence of Open Banking Vs. Platform Banking and the global banking weather with Decentro\u2019s pocket guide.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/decentro.tech\/blog\/open-banking-vs-platform-banking\/\" \/>\n<meta property=\"og:site_name\" content=\"Decentro\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/decentrotech\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-12T14:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-13T12:24:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/open-banking-platform-banking-decentro.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1700\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Open Banking Vs. Platform Banking - Decentro\" \/>\n<meta name=\"twitter:description\" content=\"Learn the essence of Open Banking Vs. Platform Banking and the global banking weather with Decentro\u2019s pocket guide\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/open-banking-platform-banking-decentro.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@DecentroTech\" \/>\n<meta name=\"twitter:site\" content=\"@DecentroTech\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"7 minutes\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/decentro.tech\/blog\/#website\",\"url\":\"https:\/\/decentro.tech\/blog\/\",\"name\":\"Decentro\",\"description\":\"API platform for banking integrations\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/decentro.tech\/blog\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/decentro.tech\/blog\/open-banking-vs-platform-banking\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/open-banking-platform-banking-decentro.jpg\",\"width\":1700,\"height\":854},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/decentro.tech\/blog\/open-banking-vs-platform-banking\/#webpage\",\"url\":\"https:\/\/decentro.tech\/blog\/open-banking-vs-platform-banking\/\",\"name\":\"Open Banking Vs Platform Banking - Decentro\",\"isPartOf\":{\"@id\":\"https:\/\/decentro.tech\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/decentro.tech\/blog\/open-banking-vs-platform-banking\/#primaryimage\"},\"datePublished\":\"2021-01-12T14:00:00+00:00\",\"dateModified\":\"2024-06-13T12:24:59+00:00\",\"author\":{\"@id\":\"https:\/\/decentro.tech\/blog\/#\/schema\/person\/edb837982e1af35c4a6d863e699da14f\"},\"description\":\"Learn the essence of Open Banking Vs. Platform Banking and the global banking weather with Decentro\\u2019s pocket guide, in under 4 minutes!\",\"breadcrumb\":{\"@id\":\"https:\/\/decentro.tech\/blog\/open-banking-vs-platform-banking\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/decentro.tech\/blog\/open-banking-vs-platform-banking\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/decentro.tech\/blog\/open-banking-vs-platform-banking\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/decentro.tech\/blog\/\",\"url\":\"https:\/\/decentro.tech\/blog\/\",\"name\":\"Blog\"}},{\"@type\":\"ListItem\",\"position\":2,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/decentro.tech\/blog\/latest-in-fintech-and-banking\/\",\"url\":\"https:\/\/decentro.tech\/blog\/latest-in-fintech-and-banking\/\",\"name\":\"Latest in Fintech &amp; Banking\"}},{\"@type\":\"ListItem\",\"position\":3,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/decentro.tech\/blog\/open-banking-vs-platform-banking\/\",\"url\":\"https:\/\/decentro.tech\/blog\/open-banking-vs-platform-banking\/\",\"name\":\"Open Banking Vs. Platform Banking\"}}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/decentro.tech\/blog\/#\/schema\/person\/edb837982e1af35c4a6d863e699da14f\",\"name\":\"Aiswarya Menon\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/decentro.tech\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/61bcceb9e90212fa94be2eba7769f98b?s=96&d=mm&r=g\",\"caption\":\"Aiswarya Menon\"},\"description\":\"Once a Clueless Engineer, and now a Chuffed Marketer. Learning the trades of Fintech currently and making it great with Decentro.\",\"sameAs\":[\"https:\/\/aiswaryamenon.com\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/decentro.tech\/blog\/wp-json\/wp\/v2\/posts\/531"}],"collection":[{"href":"https:\/\/decentro.tech\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/decentro.tech\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/decentro.tech\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/decentro.tech\/blog\/wp-json\/wp\/v2\/comments?post=531"}],"version-history":[{"count":29,"href":"https:\/\/decentro.tech\/blog\/wp-json\/wp\/v2\/posts\/531\/revisions"}],"predecessor-version":[{"id":6778,"href":"https:\/\/decentro.tech\/blog\/wp-json\/wp\/v2\/posts\/531\/revisions\/6778"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/decentro.tech\/blog\/wp-json\/wp\/v2\/media\/534"}],"wp:attachment":[{"href":"https:\/\/decentro.tech\/blog\/wp-json\/wp\/v2\/media?parent=531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/decentro.tech\/blog\/wp-json\/wp\/v2\/categories?post=531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/decentro.tech\/blog\/wp-json\/wp\/v2\/tags?post=531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}