Article: Want a level playing field between tech and insurance? How open banking might help

Money, Open Governance

Want a level playing field between tech and insurance? How open banking might help

Open banking rules could help create a level playing field between technology companies and the insurance industry, speakers suggested at a recent virtual conference.

Bringing in “consumer-directed finance” will help consumers benefit from a broader range of financial products and services, the federal government-appointed Advisory Committee on Open Banking recommended in January 2020.

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