Banks, are you a passive data donor or a proactive data seeker? » Banking Technology
Open Banking regulations in the UK and the Second Payment Services Directive (PSD2) at the EU level are driving banks towards obligatory sharing of customer data with other organisations, provided the customer has consented. From when the regs go live, banks must make this information available, and in the UK it has to be via Open Application Programming Interfaces (APIs).
Sourced through Scoop.it from: www.bankingtech.com