The Future of Digital Banking can be Driven by Markets and Regulators

Right now the U.S. digital banking market is being driven on two simultaneous tracks with private market solutions and regulation; in other areas of the world they regulators took hold of the growing momentum and created a framework for data sharing standards so customers can gain greater control of their data; some states in the U.S., like California for example, have also take matters into their own hands to set up guardrails and increase access; can private market solutions that are driven by some of the biggest banks be a fair solution or are we just waiting for regulators to eventually take the needed steps; banks are already under pressure to change from consumer driven finance apps but regulators hold the key to ensure the market is fair and open. Forbes

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