OPEN BANKING 2020: WITH SECURITY, SAY 'S' TO OPEN BANKING

Open Banking is an initiative for collaborative banking involving multiple stakeholders like Regulators, Banks, Fintechs / TPPs and Customers. The proposal gives a view on the traditional banking, which evolved to modern banking and then giving way to Open Banking. The proposal traverses across fundamentals of Open Banking, Open Banking initiatives across the World and security concerning Open Banking, exploring major security threats due to API exposure with recommendations for a secure
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