Out-Law.com: Getting data privacy and security right is 'paramount' to success of open banking, says regulator

Out-Law.com - 26 Oct., 2016: Getting data privacy and security right is "paramount" to the success of open banking, a regulator has said.

Alasdair Smith, an inquiry chair at the Competition and Markets Authority (CMA), said without "the right safeguards" banking customers will not give their consent for their data to be "shared with anybody".

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