20 years: Financial services & culture
Duena gives an introduction to open banking. She explains what it aims to solve, how it is implemented and how it is regulated.
Duena gives an introduction to open banking. She explains what it aims to solve, how it is implemented and how it is regulated.
9 mins 30 secs
Open Banking addresses the problem that modern consumers hold accounts at multiple financial institutions. This reality makes it difficult for users to understand their finances as a whole. Open Banking uses APIs to display information from various sources into one place, often a third party.
Key learning objectives:
Define Open Banking
Explain the purpose of Open Banking and how it works
Explain the current state of Open Banking and how it is regulated