U.S. Open Banking

U.S. Open Banking

Report: Consumer Concerns Over Data Privacy Threaten U.S. Open Banking’s Expansion

With PYMNTS’ new U.S. Open Banking Tracker, a collaboration with Endava, showing that 40 percent of consumers are increasingly concerned about what happens with their personal information, it’s no surprise that bankers like Comerica’s Megan Crespi say that engagement and loyalty won’t grow until these concerns are addressed.

Inside The July Tracker

  • An interview with Megan Crespi, chief operations and technology officer and executive vice president at Comerica, on why collaboration is key to helping FIs and businesses compete in the emerging API economy
  • The latest open banking headlines, including why 47 percent of consumers have either abandoned shopping carts online or turned to competitors when faced with cumbersome payment processes and why 53 percent of consumers globally still view open banking as a “dangerous” way to share data
  • A Deep Dive analyzing how open banking can help meet consumers’ and regulators’ changing online data security and privacy expectations

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    U.S. Open Banking