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 ...

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.

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 ...

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 ...

WASHINGTON (Reuters) -The U.S. Consumer Financial Protection Bureau on Thursday kicked off a do-over of its "open banking" regulations governing consumer control over the sharing of their personal ...

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 ...

Open banking is changing the way finance providers assess credit and lending applications. It allows banks and lenders to access real-time financial data from customers, giving them a clearer picture ...

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 ...

Anyone who has attempted to import multiple sets of data into a spreadsheet knows how important it is for shared datasets to have common formatting standards. What's true for Microsoft Excel is even ...

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