Customers can securely share financial information with authorised and verified third parties through open banking. Open banking can also play a major role in changing the future of finance as this enable access to customers to more financial products and services. These services also include personalised financial advice, money management applications and budgeting tools. open banking can also befacilitating real-time account aggregation, leading to lower prices and more reasonable terms for customers. It is one of the most important trends in financial services, as it can lead to the formation of secure financial systems in the future.