A rapid transformation in consumer finance is being brought about by open banking—a pivotal innovation that allows consumers to give third parties real-time access to their detailed financial data.

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 ...

The concept of open banking, or financial data sharing between banks and fintechs, comes with a number of security concerns. Processing Content What if an application programming interface — a tunnel ...

Henk van Hulle, CEO of OBL, says: “In just eight years, Open Banking Limited has helped build an ecosystem that people and ...

After several years of consultation, industry warnings, and media attention, formal regulation is on the way for Buy Now Pay Later (BNPL) products. From July 2026, providers will be required to carry ...

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 ...

CFPB Director Rohit Chopra speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., on June 13, 2023. (Photo by Michael A. McCoy/Getty Images) The Consumer ...

Eric Bierry is CEO at SBS, a global financial technology company. He covers topics at the intersection of finance, banking and technology. As banks have scaled their digitization initiatives over the ...

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 ...

Through Amplify Open Banking from Axway, Regions is further enhancing data privacy and providing increased security to the flow of customer data. With customer consent, open banking allows clients’ ...

Today’s consumers and small businesses are sitting on a treasure trove of information that many don’t realize has enormous potential to open new business opportunities, help communities and expand ...