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Open banking won't happen in the US because Congress and the banking industry will block it. The concept lets you deposit money at any bank and have it routed to your own account, like depositing at Truist while your account is at Chase.

Open banking won't happen in the US because Congress and the banking industry will block it. The concept lets you deposit money at any bank and have it routed to your own account, like depositing at Truist while your account is at Chase.
Open banking. I said there's no way that was going to work in the United States. And the United States Congress and whoever is going to rule that, the banks never let that get off the ground. What's open banking? Where you could go to any bank and just deposit your money and then it goes to your bank. Like I can walk into Truist and my account, my account's at Chase and they take my deposit.

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