Skip to main content

Regulators and firms confront problems of ‘open banking’

Basel Committee report says challenging trade-off exists between privacy, security and efficiency

Digital banking
Banking is going digital, which brings both risks and opportunities, the BCBS says

New ways of sharing financial data – often known as “open banking” – are helping to create new choice for consumers, but they are also throwing up challenges for firms and regulators.

The Basel Committee on Banking Supervision (BCBS) defines open banking as the “sharing and leveraging of customer-permissioned data by banks with third-party developers and firms to build applications and services”.

Firms authorised to provide online services under the “open banking” initiatives are called third

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

China y Kazajistán conectarán sus CBDC

El acuerdo del banco central incluye un swap de divisas y la interconexión de los sistemas de pagos interbancarios para que las liquidaciones se realicen en monedas nacionales

Artículos más leídos cargando...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Iniciar sesión
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.