As banks face security challenges when customers share their financial data with third-party services, Citizens Bank has introduced a secure open banking API to alleviate these risks. This tool enables customers to share their financial data without the vulnerabilities associated with screen scraping, a method where users provide their login data to third-party platforms. By leveraging this new API, Citizens Bank aims to provide safer data sharing for commercial customers, promoting better security and accuracy.
Banks face security risks when customers share financial data using third parties, which is why Citizens Bank developed a secure data-sharing tool.
Citizens Bank's new open banking API mitigates dangers associated with screen scraping, offering secure access to customer financial data without the risks.
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