Mobile Open Banking Applications Dissertation - Benefits and security challenges of open banking apps. Learn PSD2\'s and data sharing. Mobile Open Banking Applications Dissertation – The introduction of open banking by financial institutions aims to streamline banking operations and enhance efficiency. This model allows financial entities to offer their APIs to third-party services, which can then access and disseminate customer data with permission. By granting data access to mobile applications, customers can conveniently manage and view their bank account details from various institutions within a single platform. While this development has made financial management more accessible, it introduces significant security concerns for banks. The primary security risks associated with open banking mobile apps stem from potential vulnerabilities in both the apps and their underlying operating systems. Threats such as cyberattacks, malware, identity fraud, and data breaches are prevalent
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