The Open Banking API-s are developed by the banks that hold the user account information. This means that the API-s are as safe as your bank’s other systems. All the third-party providers, that use the data from the banks have to comply with all the data protection rules (including GDPR) for the market they are in (PSD2 in EU).&nbsp;&nbsp;

Also, Open Banking is a part of the open innovation concept, meaning the way the data is shared and gathered is more under the&nbsp;end-users&nbsp;control. Of course, there is always the possibility for security risks like attacks against the third-party FinTech services that use the data, but not higher than with conventional online banking solutions.&nbsp;

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Is Open Banking really safe?