Economics · Economy
The concept of 'Open Banking' is fundamentally designed to allow:
- 1Free, unregulated cash distribution to all citizens without records
- 2Central banks to completely manage personal retail accounts directly
- 3Banks to share customer-permitted financial data securely with third-party providers via APIs✓
- 4Customers to walk into any bank vault without identification
Correct answer
Banks to share customer-permitted financial data securely with third-party providers via APIs
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