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Regulatory curbs have forced Open Financial Technologies to shed some of its core neobanking offerings and focus on growing as a SaaS fintech. But success in this segment won’t come easy.


The regulator’s proposals to introduce checks and safety features in instant payments, if implemented, may end up testing banks.
The UK-based company will have to go above and beyond to survive a fiercely competitive and price-conscious market with strict regulations.
The company’s IPO plans come amid weak numbers, slow growth of new platforms, challenges in its core payments business and a rather dull stock market.