Why Open Banking is Here to Stay
In October 2024, the Consumer Finance Protection Bureau (CFPB) released their long anticipated final ruling of what the financial industry has short-handed to “1033”. The new Personal Financial Data Rights …
The Value of Open Finance Analytics
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 …
Ninth Wave Becomes Plaid’s Preferred Partner for Optimized Open Finance Connectivity and 1033 Compliance
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, …
Choosing the Best Customer Enrollment Models for FinTech Applications
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 Future of Financial Data Aggregation
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 …
Ninth Wave Security Center – Enabling Secure Data Access and Control of Account Connections with Third-party Applications
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 …
Ninth Wave Fintech Registry – Enabling Banks to Manage Risk Across the Fintech Ecosystem
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 …
Boost Sage Customer Satisfaction with Embedded Finance Integration
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 …
The Evolution of Data Sharing Part 3: Building on FDX to Achieve True Open Finance
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…
Sharing Financial Data Securely: What Compliance with CFPB’s Personal Financial Data Rights Rule Means for Financial Institutions
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.
