International Research Journal of Education and Technology

The rapid advancement of Open Banking and Artificial Intelligence (AI) is driving a fundamental shift in the financial industry, leading to the emergence of "invisible banks." These banks seamlessly integrate financial services into everyday digital experiences, eliminating the need for traditional banking interfaces. Open Banking, through the use of Application Programming Interfaces (APIs), enables third-party providers to access consumer banking data securely, fostering competition, innovation, and personalized financial services. AI enhances this transformation by automating transactions, analyzing vast data sets, and delivering predictive insights tailored to user needs. Together, these technologies enable banking to become more intuitive, embedded, and proactive, allowing consumers to manage finances effortlessly through digital platforms, voice assistants, and smart devices. This paper explores the role of Open Banking and AI in shaping the rise of invisible banks, the benefits and challenges they present, and their implications for the future of financial services.

KEYWORDS:  Finance, Opening Banking, Invisible Banks, Artificial Intelligence, digital transformation