Fintech and AI: money in the digital ageStep 1 of 6
Open banking and APIs
How can one app see your account at another bank? APIs, open banking and consent: what you allow and how to take it back.
All your accounts on one screen
Leyla has accounts at two banks: her salary goes to one and her savings sit in the other. She finds a budgeting app that shows both accounts in one place and sorts her spending into categories.
The question is: how does the app see Leyla's bank accounts? Does she have to give it her password? The answer is no; in a properly built system no password is needed.