The concept of open banking, or financial data sharing between banks and fintechs, comes with a number of security concerns. Processing Content What if an application programming interface — a tunnel ...

Visa Inc. shut its open-banking business in the US amid regulatory uncertainty about consumer-data rights and the prospect of higher fees for customer information, according to people familiar with ...

Banks can face security risks when customers share their financial data using third parties. Citizens Bank built a tool designed to let clients securely and efficiently share data. This article is ...

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 ...

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 ...

Aug 22 (Reuters) - Payments processor Visa (V.N), opens new tab has shuttered its open-banking business in the United States, according to a source familiar with the matter, as tensions mount between ...

Starting in 2026, here are three ways to ensure you use this fintech innovation most conveniently.

Open banking is revolutionizing financial services by enabling secure data exchange between banks and third-party providers. The European Union’s Revised Payment Services Directive (PSD2) played a ...

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 ...