Open banking in the US is moving quickly towards more formal, API-driven data sharing models. That brings opportunity, but it also brings new questions around accountability. When customer-authorised data sharing breaks down, whether through fraud, misuse, or weak controls, the liability debate becomes unavoidable.

This session looks at what Section 1033 is likely to change in practice, how banks should think about consent and third-party risk, and the control redesign needed to support open banking models without opening new fraud and AML exposure.