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Episode 298: 1033 rule aka Open Banking update!
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This episode provides an update on the 1033 rule also known as Open Banking. There have been major updates in just the past few weeks. ICBA released their Open Banking Guide, PCBB reported on the evolving open banking data standards, and the CFPB provided updated guidance. What does all this mean for financial institutions and consumers? What are the dangers and potential consequences of Open Banking? Links to related articles, blog posts, and the Open Banking guide are included below.
Link: The Evolution of Open Banking Data Standards
Link: API Security Helps Keep Your Data Safe
Link: Five years on and 60% of consumers still don’t understand what Open Banking is | NTT DATA
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