CORE BANKING

Open Banking and Open Data: Ready to Cross Borders?

July 29, 2022

Open Banking and Open Data: Ready to Cross Borders?
Would you like to be able to aggregate your data across your bank accounts? Enable your tax accountant to see your financial information? Enable the App of your choice to make a payment on your behalf? Or perhaps you would like to enable your residents or customers to perform these tasks in a low cost, secure and interoperable way? There is a global movement towards “Open Banking/Open Data” the paradigm shift where a user authorizes the release of their data from one entity (a data holder like a bank) to an entity where they would like it to go (a relying party like a FinTech). This is also known as “user-consent based data sharing.” Although this movement started with banking use cases and gaining access to data held by banks, it is now expanding to a range of other verticals including brokerage and mutual fund services, insurance, telecommunications, utilities, health and more.

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Together- loans, mortgages & finance

For more than 40 years, we've been going to great lengths to find financial solutions that meet our clients' individual needs. Over the years, our services diversified and our portfolio of brands expanded to reflect increasingly competitive markets and customers’ changing needs. Many brands serviced niche markets, giving us a wide range of innovative products...

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