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Video Blog: Open Banking explained in 3 minutes (Simon Brightman)
Is There a Fight Brewing Between Fintech and Banks? (David DeCorte, business2community.com)
One of the nation’s largest banks has been taking heat from customers in recent months. No, it’s not about unanticipated fees or problems with security. Instead, the issue is the bank’s sudden decision to cutoff a popular fintech service. According to the Wall Street Journal, PNC bank customers find themselves unable to connect their accounts […]
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FDATA North America Statement on Department of Finance Canada Open Banking Report
January 31, 2020, Washington, DC – The Department of Finance Canada today released Consumer-Directed Finance: The Future of Financial Services, which is the result of more than nine months of consultation with stakeholders in the financial services and financial technology sectors. Financial Data and Technology Association (FDATA) of North America Executive Director Steve Boms issued the following […]
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Is Turkey Ready For Open Banking Ahead Of Its EU Counterparts? (pymnts.com)
On Jan. 3, 2020, the California Consumer Privacy Act (CCPA) went into effect, ushering in the strongest consumer data protections in the U.S. With the General Data Protection Regulation (GDPR) and the revised Payments Services Directive (PSD2) humming along in Europe, open banking is overtaking the financial world just as consumer data law gets muscular. While the new regulations […]
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