Caution! The site can't guarantee, that text has age permission. The site is not recommended, if you are less than 18 years old.
The site shows example sentences for English words. How the word or phrase could be used in a sentence?
" ... Open Banking in the EU was initially intended to increase competition by severing the link between transaction accounts and payments. Now, Open Banking is shifting from payments initiation to giving customers control over how their banking data is shared. In 2020, the banking industry must show it can be trusted with aggregated customer information and, critically, add value by using that data to improve customer’s financial health – without asking consumers to do all the work. By sharing data, customers could automatically get low-cost insurance when they buy a car or installment credit when they need a new washing machine. Data sharing will also power new business models, like Mortgage Gym, which focuses on product suitability. The downside: shared data could be a circular firing squad, wrecking the economics of the banking industry. The risk of data breaches also rises, so look for lots of talk of trust engines, data tokenization, and managed consent. Expect the best banks to accept that vertically integrated banking is dead, and to use shared data to try to claim the advisory high ground, intermediating the offers of other firms for the benefit of their customers while also protecting their personal data. ... "