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2023 | OriginalPaper | Buchkapitel

7. Open Banking: Opportunities and Risks

verfasst von : Christoph Frei

Erschienen in: The Fintech Disruption

Verlag: Springer International Publishing

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Abstract

Open banking is a framework where consumers and businesses can share their banking data with third-party providers through secure channels. Starting in the United Kingdom, open banking is on the rise in many countries. Thanks to open banking, consumers and businesses can access innovative financial services and products easily and securely. However, open banking also imposes risks and challenges on consumers, financial institutions, and regulators. This chapter gives an accessible overview of open banking, describes its status around the world, and discusses lessons learned from early implementations of open banking.

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Titel: Open Banking: Opportunities and Risks
verfasst von: Christoph Frei
Verlag: Springer International Publishing
Buch: The Fintech Disruption
Print ISBN: 978-3-031-23068-4

Electronic ISBN: 978-3-031-23069-1

Copyright-Jahr: 2023
DOI: https://doi.org/10.1007/978-3-031-23069-1_7