Singapore
Opening up banking: Building data decency into financial networks
Before COVID-19, the rise of open banking had already set off a race around the globe to transform the financial services industry. Catalyzed by regulations in Europe and commercially embraced in Asia, open banking allows third-party developers and financial technology companies to access customer information and transaction data held by banks – at the request of the customer – for use in new applications and services.
Opening up banking: Building data decency into financial networks
Before COVID-19, the rise of open banking had already set off a race around the globe to transform the financial services industry. Catalyzed by regulations in Europe and commercially embraced in Asia, open banking allows third-party developers and financial technology companies to access customer information and transaction data held by banks – at the request of the customer – for use in new applications and services.
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