Have you heard the buzz around Open Banking? For anyone in the financial services industry, you should be more than familiar. Open Banking is revolutionizing consumer banking and redefining it as a customer-centric ecosystem for banks and third-party providers. Driven by the European Union (EU) adoption of the revised Directive on Payment Services (PSD2) in 2018, Open Banking was designed to support three important principles: Better consumer protection Secure payment schemes with strong customer authentication Innovative services and products accessed through the Open Banking concept In terms of implementation, the UK and EU are clearly leading the way. But, in terms of adoption, Latin America and countries such as Japan and Australia are close behind. And, as it continues to mainstream across the globe, Open Banking is also finding its way to Canada, as well as the U.S., where the Financial Data Exchange (FDX) is gaining momentum in standardizing various.