Journal of
Italian
Banking
Association

year 100
 

Archive » October 2021 » Open banking: the centrality of data and the protection of users in payments

Open banking: the centrality of data and the protection of users in payments

Giuseppe Canio Pace
October 2021 - n. 10
Keywords: Open banking, dati, pagamenti
Jel codes: G20, M15, E42

The multifaceted phenomenon of open banking is ill-suited to exclusively sectoral and specialist approaches; transversality and interdisciplinarity are key factors for its understanding. Regulators and Supervisors are committed to the governance of transformation, looking for a balance between the need to encourage the unfolding of new possibilities and that of preserving protected interests from risks. The analysis carried out reveals the centrality of Customer data and the need to define the correct boundaries of their exploitation, the growing use of digital tools alternative to cash, also as a result of the pandemic, the development of online platforms, and markets no longer physical, which also operate through mobile devices.

Interested in this paper?
Buy the issue