choosing to partner with fintechs rather than compete with them head-on. This has led to the rise of "Banking as a Service" (BaaS)

Where Markets Meet Innovation

12 mins read

1. Data Privacy: This is the paramount concern. Who exactly is seeing my data? How are they using it? Is it being anonymized and aggregated

The Fintech Paradox: Why “Thanks, But No Thanks” is the Most Important Voice in Open Banking

18/12/2025 user0Tagged API economy, banking, customer trust, cybersecurity, data privacy, financial technology, fintech, Open Banking, PSD2

A simple letter to the editor reveals a deep trust deficit in Open Banking. We explore the paradox of trading financial privacy for fintech convenience.