If information is power, the lack of information creates a vacuum, especially in small business banking. As to what’s needed? Call it a single source of truth, a worldwide registry and roster of small business information, some of it self-supplied, that offers a real-time and...
PNC Financial Services Group and Plaid have partnered to allow the bank’s customers to more securely share their data with third-party financial apps and services. With the companies’ new bilateral data access agreement, PNC customers will be able to safely and securely permission their financial...
Open banking — relatively well-entrenched in Europe, nascent here in the United States — is taking shape largely by directive, through regulations and standards that give a roadmap to how financial data is permissioned by consumers and shared with financial services providers. At the center...
Open banking is set to change the world. But viewed through the lens of what’s happened so far, and through the lens of the United Kingdom’s experience, the road to transformation in payments and financial services appears long and bumpy. Differing Approaches And, as ever,...
October 10, 2024
If information is power, the lack of information creates a vacuum, especially in small business banking. As to what’s needed? Call it a single source of truth, a worldwide registry and roster of small business information, some of it self-supplied, that offers a real-time and holistic view of a company’s fortunes and challenges. Markaaz CEO […]
September 17, 2024
Open banking — relatively well-entrenched in Europe, nascent here in the United States — is taking shape largely by directive, through regulations and standards that give a roadmap to how...
February 05, 2024
Open banking is set to change the world. But viewed through the lens of what’s happened so far, and through the lens of the United Kingdom’s experience, the road to...
April 19, 2023
After years of advocacy, open banking is now live in Nigeria, the first country in sub-Saharan Africa to adopt the regulation. The launch marks an important milestone for the country’s...
October 22, 2024
The Bank Policy Institute and the Kentucky Bankers Association filed a lawsuit Tuesday (Oct. 22) challenging the Consumer Financial Protection Bureau’s (CFPB) final rule on data sharing that was unveiled on the same day. The plaintiffs assert in the lawsuit that the rule jeopardizes the security and privacy of consumer financial data, they said in […]
September 20, 2024
PNC Financial Services Group and Plaid have partnered to allow the bank’s customers to more securely share their data with third-party financial apps and services. With the companies’ new bilateral...
January 02, 2024
Two financial industry groups say proposed consumer financial data rules don’t go far enough. The Clearing House Association and the Bank Policy Institute submitted recommendations to the Consumer Financial Protection...
February 11, 2020
Revolut has announced a new Open Banking feature that will allow customers to access all their bank accounts on a single app. The move will make everything easier and more...
