Brendan Jones, CCO Konsentus, delves into the crucial role of trust frameworks in safeguarding open finance ecosystems. He explores how they can guarantee that only authorised third parties have access to sensitive financial data, and that this data is strictly used for the purposes for which permission has been granted. By establishing clear rules, compliance standards, and protocols for data sharing, these frameworks help mitigate risks and build consumer confidence driving innovation and competition between providers of open banking products and services.
The Future of Open Banking: Unlocking the UK’s Payment Potential
Konsentus CCO, Brendan Jones, explores how the transformative potential of open banking can be enabled through the UK’s recently published
November 18, 2024
