Open banking will promote financial transparency and accountability worldwide

Using bank transaction data as a basis, rendit helps companies interact with consumers in a financially transparent environment to make more informed decisions. Rendit believes in a world without borders with economic integration for everyone. The global credit rating will allow the banking system to minimize costs by collecting and analyzing new databases as well as transactional data to get an idea of income levels, credit ratings and help meet the Know-your-Customer (KYC) rules