Over the years, we’ve seen banks and other financial institutions diligently protect their customers’ financial information. However, recent developments in open banking have raised data security concerns. The sharing of customers’ financial information with third party services providing APIs that make open banking possible is the source of these security concerns.
In this episode, we discuss the role one institution, in particular, is playing to protect customers’ data within the financial services industry.
Listen as I talk to Don Cardinal, Managing Director of Financial Data Exchange on "Open Banking & Financial Data Security."
To learn more about the work of Financial Data Exchange, visit https://financialdataexchange.org/ .
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Hear from renowned industry experts as they shed light on current trends, strategies, and acceptable practices in risk management. The Risk Experience Podcast brings to risk management practitioners an awareness of industry trends and fool-proof approaches other industry participants are adopting to manage their risk.
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