How DDA Tokenization Protects FIs and Empowers Consumers in the Era of Open Banking

As fraud threats grow more sophisticated, financial institutions must balance ironclad security with a seamless customer experience. Enter DDA tokenization, an innovative approach to securing deposit account data that is already transforming how financial institutions manage risk and protect consumers. This session will explore how DDA tokenization is becoming a foundational layer in a financial institution s fraud prevention strategy, particularly as Open Banking gains popularity in the US. Previously dominated by screen scraping and static data exposure, Open Banking now benefits from API-based access and tokenization, empowering financial institutions to distribute dynamic tokens instead of more vulnerable account numbers.