Open banking: A revolution or evolution for KYC?
Moody’s Talks: KYC Decoded
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Exploring the Global Impact of Open Banking
The chapter delves into the origins and evolution of open banking, its global implementation, and the debate on whether it represents a revolutionary shift or an evolutionary step. It discusses the importance of APIs, customer consent, and the varied approaches to open banking regulation across different regions. The conversation highlights the competitive aspect of open banking, its role in enhancing customer experiences, and the need for adapting regulatory frameworks in response to disruptive technologies.
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