The banking industry of today faces more competition than ever before. While the rise of Payment Service Providers (PSPs) has undeniably reshaped the payments sector, the impact extends far beyond mere transactional dynamics. Historically, banks held sway over retail finance and payment sectors, serving as the cornerstone of financial operations. However, the rapid ascent of fintech, coupled with transformative advancements such as API integration and the surge in cross-border payments, has diversified the industry