What is Open Banking?

Open Banking is part of a rising tide of data rights and regulatory change across the globe. It is commonly tied by definition to the release of APIs by Financial Institutions to make data more readily available to a consumer. In essence, this is true. But the way in which this data is provided does not necessarily define Open Banking - it is more of an ideology - a world where we are the custodians of our own data, and are empowered to share it with whomever we see fit.

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