Sivarama Krishnan, Partner & Leader, Cybersecurity, PwC India, pitched for a three-level governance model to deal with the security issues concerning open banking, stressing that with open API (application programming interface) and disruptive innovations regulated entities will integrate even deeper with the external world.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/robust-regulatory-framework-needed-to-deal-with-open-banking-challenges-experts/articleshow/82496462.cms
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