In the age of Open Banking, who owns banking data?

The Digital Banker - TDB - Blog

In this blog, we curate relevant and remarkable content related to digital banking, fintech and high-performance banking leaders. This insightful video curated from CNBC argues that the open banking movement is inspiring consumers to ask who owns their banking data.

Connecting via third-party application programming interfaces (APIs), Open Banking enables traditional banks and FinTech companies to share data and collaborate to offer products and services that others cannot. The result? A far richer, caring and customer-centric experiences as such partnership give consumers unprecedented access to more advanced financial options built on data-driven insights.

Watch how the open banking movement fights for consumers to own their financial data and why start-ups like Plaid are leading the charge in the U.S.

 

>> To read more about open banking and other exclusive features about the digital banking landscape, download the latest issue of The Digital Banker Magazine HERE.

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