Each American bank has an opportunity to stay ahead of the regulatory environment by adopting and building open banking systems that serve both its customers and the bank itself.
That’s according to experts who discussed the subject at American Banker’s 2022 Digital Banking Conference in Austin, Texas, last month. They also spoke about how open banking can help institutions reduce fraud, improve their know-your-customer practices, improve data security and derive additional value for banks that might see open banking as giving away data.
