When open banking and data privacy collide
Data has evolved into a defining force in retail banking but as banks formulate their strategies for the next decade, data is likely to become both a greater tool for success, and a source of risk.
The volumes of data created by the digital world will continue to grow at an exponential rate, and banks will need to keep building the skills and capabilities to leverage it for growth. However, the spread of open banking and data privacy regulations will reshape how banks collect and use data for years to come.
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