7 ms·
This article seems to miss the main reason - because data sharing would be a threat to incumbents' market share, and so they obviously do not wish to partake.
by TuringNYC 5y ago
This article seems to miss the main reason - because data sharing would be a threat to incumbents' market share, and so they obviously do not wish to partake.
Further, the incumbents are few in number, and have reg-capture via revolving doors.
- wsc981 5y agoBanks also don't want to make it any easier for customers to switch to other banks.