Managing User Consent: Complete Visibility into Financial Data Access
Watch the full demo of Amplify Open Banking to see how you can transform your financial services: https://go2.axway.com/NA-WBN-2025-02-27OpenBankingDemo_LP-Registration.html?utm_source=youtube&utm_medium=social&utm_content=ob_demo_clips This clip demonstrates how Amplify Open Banking provides complete visibility and control over user consent management, allowing financial institutions to monitor and manage third-party access to customer financial data with precision and security. Key Takeaways: 👁️ Gain complete visibility into all user consents granted to applications 🛡️ Control and manage access permissions for third-party financial applications 🔄 Suspend or remove consent permissions when necessary Transcript: Here we can see all of the consents that our users have granted to the application. We can see them, control them, and monitor what they're doing. This eliminates the mystery of having applications making calls on behalf of users and accessing financial data. For example, with current mobile financial aggregation or payment platforms that integrate with banks, financial institutions don't always have clear insight into who's making calls or what they're accessing. By implementing this compliance and consent management system, banks gain fine-grained visibility into who's doing what and what data they're accessing. We can see all activity here, suspend access if needed, remove permissions, and effectively manage how user consent is granted and used. #OpenBanking #UserConsent #FinancialDataSecurity
