The Role of Consumer Consent in Open Banking Financial Inclusion Support Framework

Open banking schemes provide consumers with more choice and new financial products and services through the use of technology, particularly application programing interfaces (API's). The main objective of this paper is to provide guidance on how to implement consumer consent protocols to access...

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Bibliographic Details
Corporate Author: World Bank Group
Format: eBook
Language:English
Published: Washington, D.C The World Bank 2021
Series:Other Economic and Sector Work Reports
Subjects:
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Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
Description
Summary:Open banking schemes provide consumers with more choice and new financial products and services through the use of technology, particularly application programing interfaces (API's). The main objective of this paper is to provide guidance on how to implement consumer consent protocols to access bank account data under open banking scenarios