What is composability in finance, and why is it important?

Composability in finance refers to the ability of different financial services and applications to seamlessly interact and integrate with one another, promoting an open and flexible ecosystem paybis.com/blog/glossary/what-is-composability/. Unlike traditional financial systems, which are often rigid and isolated, composable finance allows users and developers to build upon existing services, fostering innovation and efficiency. This interconnectedness helps eliminate the inefficiencies and high costs associated with siloed systems, enabling users to access a broader range of financial products while allowing developers to create complex, integrated solutions that better meet users' evolving needs. For further exploration of the evolving financial landscape, you can visit Paybis.