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 ...

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 ...

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

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 ...

Benefits of an open approach Customer pressure for a wider choice of top-performing products is driving banks into doing what was once unthinkable - selling their competitors' wares. But they are also ...

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 ...