61 cards securely , never interacting with sensitive data such as the card number . It ’ s also cheaper . It ’ s a pay as you use model - you don ’ t have to sign these scary contracts . The goal of the API is to remove the barriers to entry and make it really easy for others to connect to the data and build cool apps and products on top of it .”
Fidel ’ s solution at first seems to compete with Open Banking and PSD2 standards , but Subrata is clear that they serve different purposes by virtue of the fact that Fidel builds on card networks rather than bank accounts . Unlike Open Banking , Fidel ’ s API also allows for real-time access to detailed data . “ We ’ re
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