Traditional banks are realizing that they must develop more user-friendly open banking apps if they're not to lose customers to fintech startups. But it's critical that these apps gain the trust of consumers if open banking is to succeed. We spoke to Jasen Meece, CEO of Cloudentity to discuss how financial services companies can ensure their open banking apps and partners adhere to compliance standards and protect consumer’s personal data. BN: What are the advantages of leveraging open banking apps for traditional banks and their customers? JM: Open banking has opened new doors for innovation amongst smaller financial services providers… [Continue Reading]
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