Why AI-enhanced risk management is vital for open finance
In bank-fintech partnerships, AI can be both a source of operational risk and a solution to it
For well over a decade, open and embedded financial products have gained relevance as an accelerator of the symbiotic relationship that exists between traditional financial institutions and newer financial technology firms. Open finance helps consumers to manage their assets, liabilities and risk transfer products through consolidated platforms via application programming interfaces (APIs) that allow consumers to securely access, manage and share their financial information with third-party
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