Financial institutions are affected by open banking. Thus, entities are obliged to give access to their clients' accounts to third party companies. The aim is to standardise the conditions under which all payment service providers (TPPs) operate.
HOW DOES THE REGULATION AFFECT THE FINANCIAL SECTOR? Print
Modified on: Fri, 10 Dec, 2021 at 11:00 AM
Did you find it helpful?Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.