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Open banking: nothing personal


Open banking: nothing personal

Financial authorities around the world are promoting open banking. While this represents a shift in the way traditional banks think, Heather McKenzie, Editor of Daily news at Sibos, notes that they are up to the challenge.

In September, the Australian Macquarie Bank launched a pilot project of an open banking platform that allows customers to transfer data to approved third-party applications. Any third party vendor that meets the bank’s open platform standards and …



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