2min chapter

Mr. Open Banking cover image

Following the Market

Mr. Open Banking

CHAPTER

Keeping the Lights On

The way most technical standards are developed is based on open participation and frank discussions. Standards are tested by the market, which decides what works and what doesn't. This approach has led to the development of most of the standards we see around us. But when we start talking about banking standards, that means we're talking about money,. The massive market opportunity this creates can potentially lead to conflicting goals.

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