Open banking refers to a financial service model that allows third-party providers to access and use a customer’s banking data through APIs (Application Programming Interfaces). This approach to banking is designed to increase competition, drive innovation and provide customers with more choice and control over their financial data and services. Open banking has its roots… Continue reading What is Open Banking?
Customer risk scoring for banks and other financial institutions is a raging topic. Between recent crypto-related governance failures, the threat of a looming global recession, and record high credit card debt in the US, credit scoring is top of mind. Throw in heightened regulatory scrutiny and increased competition and now effective customer risk scoring has never… Continue reading Is Your Customer Risk Scoring Up to Date?