Screen scraping: a balancing act for banks
The EU’s PSD2 aimed to bolster data sharing between banks and third-party providers (TTPs) while increasing the safety standards for customers. While the regulation steered banks to share customer data in a controlled way via APIs, many TPPs still rely on screen scraping, giving them unrestricted access to banks’ customer data. In the absence of strict regulation, banks will need to act to balance the benefits and risks properly.
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