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What is Open Banking

Chapter 7
Decentralized Finance and Tokenization in FinTech
Means the system that allows access to customers' checking accounts, which aims to reshape the competitive sphere, which enables benefits and at the same time risks for consumers.
Published in Chapter:
Global Perspective: Legal Issues on DeFi Regulation in the European Union
Halim Bajraktari (University “Ukshin Hoti” Prizren, Kosovo) and Valeri Qatani (University “Ukshin Hoti” Prizren, Kosovo)
Copyright: © 2024 |Pages: 13
DOI: 10.4018/979-8-3693-3346-4.ch007
Abstract
With its new blockchain-based solutions and its challenge to established financial systems, decentralized finance (DeFi) has become a “force” on the global financial scene. This chapter provides a thorough analysis of the legal issues related to the regulation of DeFi in the European Union from a worldwide perspective. The study provides the dynamic nature of DeFi platforms, highlighting their borderless and decentralized nature, which poses challenges in adopting standard legal frameworks. Legal issues and legal infrastructure of DeFi platforms in the European Union are under study in this chapter. The study explores how DeFi is developing in the EU, examining both the collective efforts at the EU level and the regulatory responses of individual member states. How far has the European Union managed to regulate DeFi platforms with legal acts at the level of the European Union? What are the challenges for the legal regulation of the European Union and what are the steps that should be taken in the legal context?
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Chapter 7
Redesign of the Bank Reconciliation Interface of the ContaAzul Software
A concept that comprises the use of APIs—application programming interfaces—that allow the user to own his or her own bank account information, connecting it to third-party applications to obtain products and services not usually offered by the bank.
Published in Chapter: Redesign of the Bank Reconciliation Interface of the ContaAzul Software; From: Handbook of Research on Human-Computer Interfaces and New Modes of Interactivity
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Chapter 5
The Path to FinTech Development Research on Islamic Finance in Turkey
It is a system that supplies a user with a network of financial institutions’ data through the use of application programming interfaces. The concept of open banking in financial services based on several principles such as the use of open application programming interfaces allowing third-party developers to build applications and services around financial institutions, increased financial transparency options for account holders, and the use of open source technology to achieve these principles.
Published in Chapter: The Path to FinTech Development Research on Islamic Finance in Turkey; From: Impact of Financial Technology (FinTech) on Islamic Finance and Financial Stability
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Chapter 1
New Generation Distribution Channels and Customer Experience Used in Marketing Financial Products and Services in Digital Transformation
It is a system that enables bank customers to share their data with all other financial institutions on the network through secure interfaces, thus enabling customers to perform their transactions faster and more economically and to offer banks the most suitable products and services to customers' needs.
Published in Chapter: New Generation Distribution Channels and Customer Experience Used in Marketing Financial Products and Services in Digital Transformation; From: Emerging Challenges, Solutions, and Best Practices for Digital Enterprise Transformation
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