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Business

What is Open Banking?

A few weeks ago I stumbled upon this interesting article: https://riskbusiness.com/blog/open-banking-are-the-rewards-worth-the-risks/ regarding future technology in banking. That future technology is called “Open Banking”. Definition of “Open Banking”? In short, the practice of allowing third-party services to access banking data to third parties is known as open banking. Open Banking is an umbrella term for a…

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