Category: Open Banking
Published on October 5
Myth #01: Open Banking is not secure
Fact: Open Banking is actually more secure than regular banking
Open Banking establishes a secure way for consumers to share their financial data with fintechs / merchants / service providers through APIs.
By forcing the industry to secure APIs with FAPI / Open ID, in reality Open Banking is much more secure than screen-scraping which is currently wide-scale, in-secure and prevalent.