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In financial sectors around the world Open Banking has become a popular practice, synonymous with speed and efficiency. Companies and customers alike love the way it makes small things like every-day transactions and errands, as well as bigger endeavors, like the once-lengthy process of applying for a loan or a mortgage, much easier than traditional financial methods.
But as it grows in popularity, many people still don’t have a firm grasp on what it all means.
So we’ve put together a quick, 18-question quiz to test your open banking expertise.
How much do you know?
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APIs are essential to the process of Open Banking because they pave the way for data sharing in a safe, secure, standardized and efficient w
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A package of new draft proposals, PSD3 and PSR, includes plans to strengthen customer rights, combat fraud and improve APIs
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Open banking is extremely popular around Europe, not just the UK
