Why Do Most U.S. Banks Shut The Door On ‘Open Banking’?

The big tech companies have already won the Virtual Assistant war, they can infer your financial position without ever seeing your transactions. The banks will have to integrate with the Virtual Assistants of Amazon, Google and the like. #Trend

EU banks will soon start sharing customer account data with all third parties their customers approve. Very few U.S. banks have latched on to this concept. Here’s why. [read more]

Source: American Banker

Categories: Trend

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