As being one of the leading sectors of technological innovation,
in banking and finance sector the conventional methods are being
converted into modern and digital methods each passing day. As a
result of this situation, the clients of the sector are able to
access and manage their personal data through digital ways. In this
manner, the opportunity of having more control over personal data
lead to the rise of "Open Banking" system in financial
World.
"Open Banking" can be defined as a network system
enabling the bank clients to reach their personal data situated at
all other financial institutions through third parties (i.e.
FinTech firms). Through these networks, the clients can share their
personal data safely with all other financial institutions that are
on the network and so perform their operations in a faster and
cheaper way. For instance, the companies can be informed about the
firms that they are most frequently in touch with through the
"Open Banking"
