According to "Decoding: Banks $-$ Episode $8,"$ what is the role of open banking in the fintech revolution?

Question $36$ options:

$1)$

Open banking has slowed down fintech innovation

$2)$

Open banking only benefits traditional banks

$3)$

Open banking has enabled new types of financial services and increased competition

$4)$

Open banking is not related to fintech development

$5)$

Open banking has been banned by regulatory authorities