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Open Banking: Growing in customer trust in 2019

Over the past year of its implementation Open Banking remains a key concern of Banks given the regulatory environment, the changing consumer patterns, and the new Fintech firms. It is becoming a need for Banks to embrace digital transformation in this area to achieve more profitable operations. The banking industry is looking to achieve strong

  • Editorial Team
  • February 7, 2019
  • 1 minute

Over the past year of its implementation Open Banking remains a key concern of Banks given the regulatory environment, the changing consumer patterns, and the new Fintech firms. It is becoming a need for Banks to embrace digital transformation in this area to achieve more profitable operations. The banking industry is looking to achieve strong customer authentication, consent and reliability as required by PSD2, Open Banking and GDPR.

 

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