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image: Bloomberg

Mastercard seeks to break down trust barriers in Open Banking

June 5, 2018

Via: Finextra

The programme seeks to address the liability worries of banks sharing their data with third parties and to help startups to better communicate with their banking partners.

For banks, Mastercard is building a pan-European directory of verified and legimate third party providers, backed by a fraud monitoring service and dispute resolution mechanism. Startups in turn will be provided with a ‘connectivity hub’ that will help third parties establish and maintain communication with banks.

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