Next Steps to Secure Open Banking Beyond Regulatory Compliance

The concept of open banking, the ability for customers to share their financial information easily with third parties, is gaining momentum in the United States though in a piecemeal way.The Consumer Financial Protection Bureau recently finalized rules for financial institutions to offer open banking securely. It is one of the latest steps to further define how banks, credit card issuers, and other financial institutions should proceed forward in this space.Open banking already has footing in Eur...

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