Digital disruptor: The legal challenges of ‘open banking’

By Sharon Bauer and Imran Ahmad ( February 26, 2018, 9:22 AM EST) -- There is little doubt that in an increasingly digital world, personal data has become a valuable commodity. Financial institutions (FIs) are in a unique position since they collect and process vast quantities of customer data, including, among other things, spending trends, credit history and borrowing information. Typically, this information is not readily shared with customers or other FIs....