Legal Considerations for Open Finance and Data Rights

As the payments ecosystem becomes increasingly interconnected, legal and compliance teams are being called upon to interpret and navigate consumer-permissioned data sharing. While many associate open finance with API implementation, the legal implications extend far beyond the technical. Questions around liability, data ownership, third-party risk, and consumer consent sit squarely with legal and demand strategic clarity. In this session, tailored to legal professionals at financial institutions, panelists will explore the legal considerations of open finance: how to participate in secure data sharing in a way that reduces risk and strengthens consumer trust. Panelists will also discuss the legal and reputational risks of credential-based data access, the emerging expectations around transparency and control, and how to proactively structure policies that support innovation. Attendees will walk away with a framework for open finance that aligns with their institutions risk posture while unlocking long-term value.