Eliminating Credential Sharing in an Open Banking Market
The maturation of the open banking and open finance ecosystem impacts financial institutions of all sizes. Consumers are connecting their host banking accounts to an external application in some form. This third-party aggregation activity introduces risks and operational complexities into organizations. With the expected regulatory guidance related to tokenized data exchange and API standardization, it will become increasingly important for financial institutions of all sizes to enable a strategy that provides this type of framework while guaranteeing open consumer access to their data. Speakers in this session explore this behavior and examine how convenience can be coupled with legal requirements and regulatory guidelines.