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March 5, 2019
How a rapidly evolving US open banking ecosystem will take shape
Innovation, collaboration and competition are rapidly shaping the open banking ecosystem in the US. Interestingly, the US is moving toward an open banking environment organically without a strong regulatory mandate. Most in the financial services industry appreciate that US regulators are taking a largely hands-off approach to open banking, and they consider it the best way to foster continual innovation and ensure the market develops in a way that best serves customers. EY North America FSO Payments Leader, Sean Viergutz, provides details.