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Following the Market
Mr. Open Banking
Is There a Need for a Central Registry in an Open Banking Environment?
One component in an open banking architecture that exists in some implementations but not in others is a centralized registry. Whether regulatory driven or market driven, do you think that piece is important to a functional open banking environment? Well remember in our five principles, transparency and traceability were key. And in order to have traceability, you do need to identify the nodes in the chain,. I'm showing my age here, a white pages of members or participants in this space. To the extent, I think everyone needs one.
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