Breaking Down the Open Banking Rules with Matt Janiga
Fintech Layer Cake
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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