Take 3 Steps to Ensure Open-Banking Success Ahead of CFPB Rules

The CFBP has begun the process of writing the rules around open banking, which will require all U.S. banks to share customer financial data. To get prepared, bank leaders must decide what role they want their financial institutions to play in the open-banking era. Options range from defensive (complying with the rules and nothing more) to offensive (leading an interconnected ecosystem). How can banks realize the most value from the work they'll have to do to comply?