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263 Could open banking pose new security threats to your financial data? We asked an expert

The Next Web
Emily DSilva @ The Next Web 3 place · 11/01/2021 05:00 EDT

Could open banking pose new security threats to your financial data? We asked an expert

As a result of the extended period of socioeconomic uncertainty caused by coronavirus, interest in open banking is growing. Customers want to have greater management and oversight of their finances, and financial institutions see open banking and PSD2 as a way to facilitate that.  With greater collaboration and data sharing between traditional banks and fintechs, there’s a lot of opportunity to deliver a more personalized customer experience. The concern around open banking APIs, however, is how much it cou

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