A rapid transformation in consumer finance is being brought about by open banking—a pivotal innovation that allows consumers to give third parties real-time access to their detailed financial data.

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 ...

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 ...

After several years of consultation, industry warnings, and media attention, formal regulation is on the way for Buy Now Pay Later (BNPL) products. From July 2026, providers will be required to carry ...

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 ...

In 2018, if you sat down with any leading financial institution in the UK and asked for their thoughts on open banking, they would immediately respond with curiosity and excitement. They could see the ...

Open banking is changing the way finance providers assess credit and lending applications. It allows banks and lenders to access real-time financial data from customers, giving them a clearer picture ...

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 ...

Banking customers often share their financial data on external platforms, such as budgeting tools and accounting software, to help them manage their money. But for financial institutions, giving out ...

What happens when over 5 million* UK residents are unable to access mainstream credit? The issue is more significant than it seems. These 'credit invisible' individuals—ranging from freelancers to ...