All the entities involved in open banking, as well as the rules regarding privacy, data sharing and more, are under strict regulations
Open Banking and Open API share some commonalities and they work together, but they are not the same thing.
Are Open Banking APIs accessible to everyone? No – but that’s good! We go into detail about why
Open banking allows a company to connect with a user’s bank to view the user’s financial data (with the user’s consent, of course)
Open banking was first introduced in Europe years ago with the Payment Services Directive. Since then, it has gained enormous popularity ...
Still, because open banking deals with sensitive financial data, some may wonder, “can you trust open banking?” If that’s your question ...