Unlike traditional banking where all customer data is controlled by the parent bank, in open banking, customer data is securely exposed to third-party providers via application program interfaces (APIs) when consent is provided by the customer. The sharing of that data in turn creates a broader threat surface that must be protected against cyber abuse and malice.
So can open banking be secure? Watch to hear Prakash share his expert opinion with Ticker News on the matter. Then comment below with your thoughts.
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