The rise of fintechs has created a world that demands interoperability, security, and simplicity in financial management. Financial institutions (FIs) must support their customers’ demands within a broad and complex
The CFPB’s upcoming requirements boil down to one goal — enabling financial institutions (FIs) to securely share their approved customer data with authorized third-party applications, fostering a more equitable, interoperable,
New technology trends are advancing the way businesses operate, providing enhanced services for consumers and businesses. In the finance sector, the evolution of open banking and embedded finance is accelerating
The fintech landscape is evolving at a rapid pace, with consumer financial data from multiple FIs being accessed in a multitude of apps and software solutions. In order to provide
Harnessing the Power of the Ninth Wave Security Center Demand for open, secure data access between banks and their clients is accelerating. Today, companies use a multitude of third-party applications
As financial institutions brace for the upcoming implementation of Dodd-Frank Section 1033, mandated by the Consumer Finance Protection Bureau (CFPB) rules, they are actively seeking to put in place adequate
Countless businesses today rely on Sage software for accounting, enterprise resource planning (ERP), and other important functions. The ability to access bank account data from Sage is critical for reconciliation
Open finance has transformed how consumers and businesses engage with their financial information. It makes permissioned financial data available to a seemingly endless variety of products…
To promote a safe environment for data sharing, CFPB aims to establish basic standards for data access, transition the market from screen scraping practices to more secure alternatives, and ensure that the full range of technical issues in the open banking system are addressed using fair, open, and adoptable industry standards.
