“Open banking” May Cause Deposit Outflows, Warns U.S. Regulator

FP | Hannah Lang  | Apr 19, 2023 The evolution of “open banking” in the U.S. could impact how regulators supervise banks, as seamless account portability between financial institutions could lead to increased deposit outflows, a top banking regulator said on Wednesday. See:  FinTech Executives Disappointed with Budget 2023’s Lack of Open Banking Update, Raising

The post “Open banking” May Cause Deposit Outflows, Warns U.S. Regulator first appeared on National Crowdfunding & Fintech Association of Canada.