Episode 506: Fintech Running Just as Fast As It Can
Breaking Banks
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The Importance of Consumer Controls in Open Banking
The speakers discuss the importance of consumer controls in open banking, emphasizing the need for consumers to have the ability to control how their data is used. They highlight the need for accountability in the data ecosystem and suggest the need for rules or principles to determine data sharing and usage. The urgency to address these issues is emphasized in light of the expanding landscape of open banking and the increasing use of machine learning models.
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