This is an excellent and simple video produced by our Financial Data Exchange (FDX) sponsor, explaining open banking and the crucial role FDX APIs play for open banking and the upcoming CFPB 1033 ruling..
Having an open, shared and common standard to power open banking; i.e. the CFPB 1033 ruling, is paramount to provide, not only the interoperability needed within the financial ecosystem, but a much easier open banking adoption and compliance.
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