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  • Security and Fraud: Strengthening Protection Through Open Banking

    Security and Fraud: Strengthening Protection Through Open Banking
    2025/03/25

    Open banking is transforming fraud prevention - giving banks, fintechs, and consumers stronger security measures to combat financial crime. By enabling real-time data sharing, bank-verified payments, and strong customer authentication (SCA), open banking is reducing fraud risks and making transactions more secure.

    But challenges remain. As fraudsters evolve their tactics, how can pen banking continue to stay ahead of scams, identity theft, and account takeovers?
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