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FDATA North America Submits Letter to NIST on Draft Open Banking Report

FDATA North America Submits Letter to NIST on Draft Open Banking Report

FDATA NA’s analysis found several shortcomings in this paper, including incomplete definitions of open banking and proprietary data; failure to articulate the central role of regulatory leadership in well-implemented open banking frameworks; and incomplete discussion of the technological realities under which open banking solutions are currently delivered in the United States and in other jurisdictions across the globe. In our letter, we strongly and specifically described each of these concerns and encouraged NIST to appropriately revise this draft report.
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