What to Make of Open Banking

Tech Talks by Mayer Brown

“Open banking” refers to the practice of banks providing application program interface (“API”) access to customer accounts, allowing customers to access their account information and initiate transactions through a third party’s user experience. In this episode of Tech Talks, Chris Chapman, Julian Dibbell, Rohith George and Oliver Yaros discuss open banking, which many financial institutions are choosing over “screen scraping” and similar techniques, and its risks and rewards.