FDX to set data-sharing standards for open banking
The Consumer Financial Protection Bureau has approved the Financial Data Exchange’s (FDX) application to issue standards for data sharing for ...
Tag: open banking
Top 5 open banking stories of 2024
The long-awaited Section 1033 rule on open banking was finalized by the Consumer Financial Protection Bureau on Oct. 22, and ...
Editors’ Picks: Top 3 features of 2024
Each month, the Bank Automation News editorial team reports on themes and trends that are dominating conversations within the bank ...
Open banking helps WECU increase funding by 10%
Bellingham, Wash.-based credit union WECU has increased funding through its digital channels by 10% since implementing open banking in 2022. ...
Open banking: Decoding Section 1033
Ten years in the making, the Consumer Financial Protection Bureau’s recently finalized open banking rule is making waves. The rule, ...
PNC dashboard puts data sharing in customers’ hands
PNC is developing a decisioning dashboard that will give customers control over where their financial data is shared. The Section ...
CFPB director favors ‘the end of screen scraping’
LAS VEGAS — The Consumer Financial Protection Bureau Director Rohit Chopra hopes the financial services industry moves away from screen ...
Core providers can help FIs prepare for open banking
Banks should look to their core providers to ensure they have the API frameworks to be compliant with this week’s ...
CFPB open banking rule to force innovation
Experts are assessing the effects of the Personal Data Right rule on consumers, competition and innovation following the Consumer Financial ...
US banks prepare for new era of consumer financial data sharing
US banks will now have to give customers access to their financial data after the top consumer watchdog finalized a ...
