1) An academic study titled “Open data and API adoption of US Banks” which equates the use of APIs with open banking, and 2) a Pymnts article titled “46% of US Consumers Say They’re Ready for Open ...

The banking industry was doing just fine for centuries without “open banking.” Bankers were always in the business of managing risk. They collected deposits and issued loans. The reputed oldest bank ...

According to the CFPB, as the rules take effect, consumers will be able to transfer their data between banks free of charge and without obstacles. U.S. Consumer Financial Protection Bureau (CFPB) ...

The CFPB must unequivocally state that consumers own their financial data and prohibit financial institutions from monetizing access to it. No one should dictate with whom consumers can share their ...

Recently, JPMorgan Chase announced a shift in how it manages access to consumer banking data, introducing new data access fees for third-party aggregators. While the move focuses on infrastructure ...

Banking customers often share their financial data on external platforms, such as budgeting tools and accounting software, to help them manage their money. But for financial institutions, giving out ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. In October, the CFPB proposed its long-awaited open banking ...

Atto, a provider of credit risk solutions using transactional data, is pleased to announce a strategic partnership with FICO (NYSE: FICO), a global analytics software ...

In 2018, if you sat down with any leading financial institution in the UK and asked for their thoughts on open banking, they would immediately respond with curiosity and excitement. They could see the ...

In the contemporary digital landscape, Open Banking represents a paradigm shift in managing financial transactions. It helps create an environment where financial institutions can securely share the ...

The Trump administration is doing away with a regulation designed to promote data sharing between banks and third parties. But for Citizens, the move isn't hindering its bullishness on the broader ...

A future glimpse into how mortgages will be created in 2035 can be found in a woodsy office park in Athens, Georgia. FormFree, a mortgage fintech founded in the midst of the Global Financial Crisis by ...