A study was conducted on the development of banking in the Russian Federation and in the countries of the world. It was determined that open banking in all countries of the world is at the stage of development. Based on literature, a comprehensive analysis of open banking functioning was conducted. Among the main problems the security risk, isolation and increased competition between banks were identified.Keywords: open banking, PSD2 standards, aggregation site, the latest financial technologies.
CITATION STYLE
Y. I., K., D.S., M., V.E., S., A.A., S., & D.S., M. (2018). Risks and Threats of Using Open Banking in Russia and in the World. KnE Social Sciences, 3(2), 415. https://doi.org/10.18502/kss.v3i2.1572
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