Open banking second anniversary - open season for fraudsters?

Mark Taylor (+44 (0) 7825 106306, mark.taylor@featurespace.co.uk) is a fraud market expert at Featurespace.

Open banking was supposed to represent a brave new world for the way we manage our money, writes Mark Taylor of Featurespace, affording account holders greater financial transparency and the opportunity to own their personal data. But like Huxley’s dystopian novel of the same name, sometimes seemingly positive technological developments of our “Brave New World” can have unintentionally damaging side effects.