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Open banking is a silent revolution transforming the banking industry. It is the manifestation of the revolution of consumer technology in banking and will dramatically change not only how we bank, but also the world of finance and how we interact with it. This book defines the concept of 'open banking' and explores key legal, policy, and economic questions raised by open banking.
Sommario
- Foreword by Chris Brummer
- Introduction by Linda Jeng
- Chapter 1: Open Banking Ecosystem and Infrastructure: Banking on Openness by Andres Wolberg-Stok
- Chapter 2: Defining Data Rights and the Role of the Individual by Kaitlin Asrow
- Chapter 3: Customer Protection and the Liability Conundrum in an Open Finance Ecosystem by Steven Boms and Sam Taussig
- Chapter 4: Artificial Intelligence and Machine Learning: The Opportunities and Challenges of Using Big Data by Matthew Adam Bruckner
- Chapter 5: Data Access Technology Standards: A History of Open Banking Data Access by Don Cardinal and Nick Thomas
- Chapter 6: Taking Your Data with You: Singapore's Approach to Data Portability by Zee Kin Yeong and David Roi Hardoon
- Chapter 7: Open Banking and the Economics of Data by Yan Carrière-Swallow and Vikram Haksar
- Chapter 8: Open Banking, Open Data, and Open Finance: Lessons from the European Union by Douglas W. Arner, Ross P. Buckley and Dirk A. Zetzsche
- Chapter 9: United Kingdom: The Butterfly Effect by Gavin Littlejohn, Ghela Boskovich and Richard Prior
- Chapter 10: The Australian Consumer Data Right: The Promise of Open Data by Julie McKay and Jamie Leach
- Chapter 11: India's Approach to Open Banking: Some Implications for Financial Inclusion by Yan Carrière-Swallow, Vikram Haksar and Manasa Patnam
- Chapter 12: Digital Identity: Exploring a Consumer-centric Identity for Open Banking by Greg Kidd
- Chapter 13: Decentralized Finance: The Future of Crypto and Open Finance? By Nic Carter
- Chapter 14: From Open Banking to Open Data and Beyond: Competition and the Future of Banking by Brad Carr
Info autore
Linda Jeng is a Visiting Scholar on Financial Technology and Adjunct Professor of Law at Georgetown University Law Center's Institute of International Economic Law. Her research interests include open banking, data rights, digital currencies and blockchain. She is also leading policy, regulatory and product strategy at the fintech startup Transparent Systems. Previously, she was with the Fed and had chaired the Basel Committee's working group on open banking and APIs. She has spent most of her career working on financial stability and Too-Big-To-Fail regulatory reform, including at the Financial Stability Board in Basel, Switzerland, the U.S. Senate during the passage of the Dodd-Frank Act, and the U.S. Treasury Department during the international implementation of G20-led reforms. Prof. Jeng has worked at the Securities & Exchange Commission, the Office of the Comptroller of the Currency, and a global bank in Paris. She has a J.D. from Columbia Law School, a Master of Advanced Studies from
Université de Toulouse, France, and a B.A. from Duke University.
Riassunto
Open banking is a silent revolution transforming the banking industry. It is the manifestation of the revolution of consumer technology in banking and will dramatically change not only how we bank, but also the world of finance and how we interact with it. This book defines the concept of 'open banking' and explores key legal, policy, and economic questions raised by open banking.
Testo aggiuntivo
Open Banking takes the reader on a journey through the complex policy, economic, legal, regulatory, and ethical questions that open banking raises. Drawing on the world's leading experts, the book is a first of its kind in describing and reviewing how countries around the world are answering the questions that open banking raises. It is an indispensable guide for all those that want to understand and study open banking, that are called on to develop policy and regulation on open banking questions and for professionals and companies that engage in open banking and finance, be it as a data source or as a data user.
