Fintech firms concerned about EU “open banking” laws


Some European fintech firms have spoken out against EU laws that allow banks to use third parties to access customer data. According to critics, “open banking” provisions often subject startups to more regulation, notably regarding data protection, “shift[ing] the balance of power between the old and new.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s