Future of US open banking

Open banking is an emerging trend in the financial services industry that is opening the door for third party providers (TTPs) to offer a wide variety of new services – and it is poised to change the traditional retail banking model is we know it. Using open banking, financial institutions can securely provide other financial institutions and TPPs with seamless access to, and communication with, customer data through a standards-based technology called open Application Programming Interfaces (APIs).

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