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I'd be open to sharing banking data this way if there were strict controls at the user level. E.g. share the previous 3 months, 6 months, and so on. Also a way
by nerdawson 5y ago
I'd be open to sharing banking data this way if there were strict controls at the user level. E.g. share the previous 3 months, 6 months, and so on. Also a way to ensure that it's one time only and not a continuous monitoring type situation.
If that were the case, it'd be a more convenient alternative to sharing statements as opposed to a massive violation of privacy.
- mijoharas 5y ago> Also a way to ensure that it's one time only and not a continuous monitoring type situation. Not quite what you're asking for but access does need to be regranted every 3 months.
- wdb 5y agoNot anymore: https://www.finextra.com/newsarticle/39307/fca-boosts-open-banking-by-removing-3-month-re-authentication-requirement https://www.finextra.com/newsarticle/39307/fca-boosts-open-b...
- Khaine 5y agoThat's my understanding of how Open Banking[1] works in Australia[2]. [1] https://basiq.io/blog/the-definitive-guide-to-open-banking-in-australia/ https://basiq.io/blog/the-definitive-guide-to-open-banking-i... [2] https://dassanawijesekara.medium.com/the-developers-view-of-consent-management-flow-of-consumer-data-standards-for-banking-in-australia-880b53d22cbd https://dassanawijesekara.medium.com/the-developers-view-of-...