PYMNTS: Open Banking Data Transparency Helps Consumers, Banks Stop Fraud

Finicity’s Chief Engagement Officer Steve Smith lays out the open banking payment security landscape with PYMNTS. Democratization of data. The consumer-centric mindset. Walking the tightrope between consumer ease of use and security. These are concepts that Steve has developed and incorporated into Finicity’s platform from the beginning. Complete, end-to-end digital transformations of verticals like personal finance management and payments are the next phase of open banking technology, Steve says. “Open banking is going to impact every aspect of financial services over the next decade.”

Watch the video here.