@TwitterBot

@TwitterBot

Open banking involves customer-permissioned data transfers between organizations holding data and entities that provide financial products and services (e.g., wealth management, payments, and loan access).

Future of Privacy Forumhttps://fpf.org/blog/fpf-releases-infographic-to-explore-implications-of-open-banking-data-flows-and-security-for-individuals/

Parties' roles and responsibilities: Open banking involves multiple parties, each with overlapping roles and responsibilities, creating uncertainties and friction for users. Notice and consent: Current rules are unclear about which activities in open banking require consent, and from whom.

Future of Privacy Forumhttps://fpf.org/blog/fpf-releases-infographic-to-explore-implications-of-open-banking-data-flows-and-security-for-individuals/