24min chapter

Fintech Layer Cake cover image

Breaking Down the Open Banking Rules with Matt Janiga

Fintech Layer Cake

CHAPTER

Open Banking and Consumer Data Sharing

This chapter explores the concept of open banking and the need for consumers to share their banking data with innovative companies. It discusses the challenges faced by traditional banks and the rise of fintech applications. The chapter also covers the proposed rule by the CFPB to formalize consumers' right to share their data and the rules and protections for market participants.

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