You’ve heard of the October surprise. The term applies to politics, to a bombshell or report that upends a race. And sometimes the event brings clarity — determining the direction of the race and who the ultimate winner(s) might be. In financial services, and particularly...
Monday (Sept. 9) offered up a snapshot of consumer sentiment on where inflation is headed, their overall feelings about managing a mounting debt load, and where and how they’re spending against this backdrop. Connecting the dots between the two separate reports — the Federal Reserve...
Plaid has been rolling out new products and partnerships in recent months, offering additional resources to a broader range of customers, including enterprises. For example, the firm rolled out its new credit underwriting solution, Consumer Report, in early June, saying that it brings bank account-level...
More high-quality data is being produced today than at any other period in history. This data, in vast and incomprehensible amounts, is being produced by businesses and individuals. Unlocking it has the potential to positively transform those same businesses and individuals. There is a problem:...
June 20, 2024
More high-quality data is being produced today than at any other period in history. This data, in vast and incomprehensible amounts, is being produced by businesses and individuals. Unlocking it has the potential to positively transform those same businesses and individuals. There is a problem: ensuring privacy, security and intellectual property (IP) safeguards to protect […]
June 16, 2023
Mobile wallets are a popular way to pay bills. As of Q1 2023, 60% of consumers had used a mobile wallet to pay bills in the previous 12 months. Mobile...
January 14, 2020
Visa is buying Plaid — the startup that develops APIs for financial services — for $5.3 billion. By helping to bridge the gap between apps and consumers, Plaid brings new...
November 22, 2019
It’s been said cybercriminals look for the path of least resistance when they target businesses or online marketplaces to steal data or money. And, increasingly, online gaming platforms — attractive...
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 […]
July 02, 2024
Plaid has been rolling out new products and partnerships in recent months, offering additional resources to a broader range of customers, including enterprises. For example, the firm rolled out its...
May 15, 2024
Toggle AI says it is acquiring financial data/analysis platform Atom Finance. The company, which provides artificial intelligence (AI) solutions for investing to hedge funds, banks and brokerages, announced the deal in a Wednesday (May...
October 06, 2023
Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), has reportedly expressed concerns about the potential risks posed by payment systems that enable excessive surveillance and financial censorship. In a Friday...
