With open banking starting last week in the UK, we might soon see a global push as Hong Kong is looking to explore the idea; the CFPB in the US recently came out with data sharing guidelines that look to begin creating a framework for future legislation; there is not yet the expectation that Hong Kong will adopt such regulations but they did ask for banks and fintechs to weigh in on the open API framework; the FT also sits down with former Barclays CEO Antony Jenkins to further discuss open banking and what it could mean for all participants. Source.
