✉news BusinessFinance first seen 1 d ago, last 22 h ago, peak #19
Experts say open banking cuts both ways for big banks
Original: Open banking swings both ways for big banks on risks and opportunities: experts
Open banking is drawing renewed attention from financial experts, who say the shift toward letting customers share their banking data with third-party providers presents big banks with both risks and opportunities. Analysts note incumbent lenders could lose some control over customer relationships, but could also gain from new services, partnerships and efficiencies if they adapt to the framework.
Why now: Ongoing policy and industry debate over open banking rules and their impact on major banks.
Evidence
- Open banking swings both ways for big banks on risks and opportunities: experts · Yahoo! Finance Canada
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