Open banking has shaken up the financial services industry and has been considered a game-changer to the industry over the past couple of years. While open banking brings a significant benefit to consumers, there is still a concern for the privacy and security of this technology.
This session will look at:
The current landscape of open banking
How robust are banks' security measures that enable third parties to monitor APIs and data?
What controls are in place to enforce consumer decisions on third party data access, and how are financial organisations verifying third parties to make sure rules are being followed.
The current regulations and what the penalties are for violations.