The benefits of open banking are obvious and significant for consumers — especially those underserved by the current marketplace. Bankers and regulators should work to speed up its implementation, ...

Ontology, a high-throughput or “high-performance” blockchain platform, has integrated its services with Fintech Plaid, which offers a data network that powers the financial technology tools used by ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Open banking is revolutionizing financial services by enabling secure data exchange between ...

Open Banking improves trust, transparency and access in SME finance. With live, verifiable information, the lending process ...

Much has been said and written about open banking in the last few years, and 2024 certainly saw it achieve significant traction. The U.K.’s open banking roadmap reached full completion, with the ...

In comment letters on the Consumer Financial Protection Bureau's new rulemaking on personal financial data rights, consumers begged the agency to protect their data from misuse.

Lee Fulmer, senior advisor at McKinsey and Chairman of the OpenUK Finance Advisory board, weighs in on why open banking is such a hard problem. His insights have important implications for the ...

It’s hard to believe that it’s been seven years since the Second Payment Services Directive (PSD2) was implemented in the UK. While the name isn’t exactly attention-grabbing, the impact it has had ...

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 ...

SIR: After years of anticipation, the Central Bank of Nigeria (CBN) has finally approved the rollout of open banking, with full implementation expected in August 2025. While it may sound like just ...