Open-Banking—Everything You Wanted to Know

Open banking and the sharing of customer data with fintech third-party service providers presents a unique set of challenges and risks to financial institutions. Access this video, provided in collaboration with Crafty Counsel, to gain an understanding of the risks and technical standards required for financial institutions to provide third party service providers with access to customer data and accounts.

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Related Content        

• Bank Partnerships with Fintech Companies
  Read this practice note for an evaluation of the Bank-Fintech partnership model, regulatory  considerations, and risk implications for banks and fintech companies.

• Gramm-Leach-Bliley Act (GLBA) Privacy Requirements
  Explore the GLBA privacy requirements in place to address the risks associated with financial institutions having direct control over the personal and financial information of customers, and safeguarding the privacy of customers.

• Third-Party Disclosure of Personal Data Key Federal Laws
  Access this practice note for an overview of federal laws that regulate third-party disclosure of personal information.

• Third-Party Disclosure of Personal Data State Law Survey
  Peruse this 50-state survey to get a clear view of state laws and regulations governing dissemination of nonpublic personally identifying information. It includes a chart highlighting each state's consumer disclosure requirements.

• Multilaw Global Guide: FinTech Resource Kit
  Check out this resource kit for links to global multijurisdictional guides providing the practitioner with information on open banking requirements as well as legal and economic conditions for providing Fintech services. Currently 41 countries are included.

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