Open banking: A revolution or evolution for KYC?
Moody’s Talks: KYC Decoded
00:00
Navigating Cyber Threats in Open Banking
The chapter explores the risks and challenges posed by cyber threats in the open banking environment, emphasizing the shift towards technology-driven cyber attacks and the need to protect sensitive data. It focuses on understanding emerging criminal typologies, potential scenarios for fraud, and the importance of leveraging data access for better customer knowledge and risk assessment. The conversation also highlights the regulatory framework in the UK as a valuable asset in the evolution of open banking while stressing the significance of educating businesses and the public on cybersecurity risks.
Transcript
Play full episode
