Ensuring fair treatment for open banking customers
Whitley, E. A.
& Pujadas, R.
(27 May 2022)
Ensuring fair treatment for open banking customers.
LSE Business Review.
& Pujadas, R.
(27 May 2022)
Ensuring fair treatment for open banking customers.
LSE Business Review.
Open banking is meant to increase competition in retail and small business banking, but the banking data it relies on can be used to infer information about consumers, raising issues of consumer consent and data management. Edgar Whitley and Roser Pujadas identified important gaps in the regulation of open banking and customer consent for the use of their data, which resulted in better protections for consumers.