CIBAFI Briefing Issue 14 on Open Banking

This briefing presents an overview of open banking as a new business model and one of the evolving trends in the banking sector. It aims to highlight the existing open banking frameworks and the related development in the legal and regulatory sphere. The briefing also presents the main opportunities and emerging challenges in open banking. Finally, the briefing particularly presents a perspective on the integration of open banking within the Islamic banking industry.

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