Rethinking the Right to Data Portability in the Transition from Open Banking to Open Finance in the EU / José Daniel Sánchez Quiñones.

Format:

Book

Author/Creator:

Quiñones, José Daniel Sánchez, author.

Language:

English

Subjects (All):

Banks and banking--European Union countries.

Banks and banking.

Physical Description:

1 online resource (86 pages)

Edition:

First edition.

Place of Publication:

[Place of publication not identified] : Editora Dialética, [2024]

Summary:

Amidst the transition from Open Banking to Open Finance across the European Union (EU), this insightful book delves into how individuals' control over their data is impacted. With Open Banking reshaping data sharing, the EU seeks to extend this model to sectors like insurance through Open Finance.The research examines how this shift affects the Right to Data Portability (RDP), giving users the ability to manage and transfer their data among financial service providers. Through qualitative analysis, it clarifies the dynamics between RDP, Open Banking, and Open Finance. Chapters trace the regulatory evolution, explore standardization efforts like the 'SEPA API Access Scheme', and address challenges such as defining data categories and legal processing grounds.The book advocates for a user-centric approach to Open Finance regulation, emphasizing trust and privacy in the digital financial landscape.Texto de contracapa: Amidst the transition from Open Banking to Open Finance across the European Union (EU), this insightful book delves into how individuals' control over their data is impacted. With Open Banking reshaping data sharing, the EU seeks to extend this model to sectors like insurance through Open Finance.The research examines how this shift affects the Right to Data Portability (RDP), giving users the ability to manage and transfer their data among financial service providers. Through qualitative analysis, it clarifies the dynamics between RDP, Open Banking, and Open Finance. Chapters trace the regulatory evolution, explore standardization efforts like the 'SEPA API Access Scheme', and address challenges such as defining data categories and legal processing grounds.The book advocates for a user-centric approach to Open Finance regulation, emphasizing trust and privacy in the digital financial landscape.

Contents:

Capa

Folha de Rosto

Créditos

1. INTRODUCTION

1.1. Setting the stage

1.2. Research objectives

1.3. Research questions

1.4. Methodology

1.5. Structure of the Thesis

2 BREAKING BOUNDARIES: THE EVOLUTION OF OPEN BANKING IN EUROPE

2.1. Understanding Open Banking

2.2. Data-sharing arrangements for payment services under the Revised Payment Services Directive (PSD2)

2.3. Integrating New Players in the Financial Industry

3. EXPANDING HORIZONS: OPEN FINANCE AND THE SEPA API ACCESS SCHEME IN EUROPE

3.1. Understanding Open Finance

3.2. Regulating Open Finance in Europe

3.3. Unleashing the Power of SEPA through the API Access Scheme

3.3.1. What is the Single Euro Payments Area (SEPA)?

3.3.2. What are the key elements and goals of the SEPA-API Access Scheme?

3.3.2.1 Goals

3.3.2.2. Governance

3.3.2.3. Business requirements and conditions

4. EXPLORING THE INTERSECTION BETWEEN OPEN BANKING, OPEN FINANCE, AND THE RIGHT TO DATA PORTABILITY

4.1. Understanding the Right to Data Portability

4.2. Synergies between the Right to Data Portability, Open Banking, and Open Finance

4.2.1. PSD2 obliges ASPSPs to comply with data protection law

4.2.2. RDP and PSD2 both promote open data access

4.2.3. Open Finance shares the same synergies with Open Banking, yet offers further benefits

4.3. Exercise of Right to Data Portability in the context of Open Finance

4.3.1. Analysis of the information categories Generated by AI.

Notes:

Description based on publisher supplied metadata and other sources.

Part of the metadata in this record was created by AI, based on the text of the resource.

Description based on print version record.

Includes bibliographical references.

OCLC:

1439303804