The Data Sharing Economy report explains how APIs are transforming open finance by replacing screen scraping with secure, tokenized connections. Modern connectivity gives consumers control, letting them share and revoke access easily while improving personalization, fraud prevention, and inclusion. Tokenized APIs speed onboarding to seconds, provide transparency, and enhance security through OAuth. For institutions, APIs enable richer insights, targeted offers, and strategic partnerships. Best practices stress explicit consent, GDPR-style protections, and interoperability, ensuring data is safe while driving innovation, trust, and better financial outcomes.

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