Economics · Banking Sector

Open Banking is designed to allow:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Greater consumer access to credit
2Banks to share consumer data securely with third-party providers✓
3Non-banking financial institutions to manage credit
4Cross-border payment solutions

Correct answer

Banks to share consumer data securely with third-party providers

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Open Banking is designed to allow:

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