New regulations in Europe are set to effect U.S. banks that serve EU based customers. Banks need to understand what data is shareable and what new protocols to put in pace before the regulations take place in May. Source.
Envestnet’s Yodlee, Quovo and Morningstar’s ByAllAccounts have come together to establish a data sharing framework with banks and fintechs; the...
There is a behind the scenes fight brewing between fintechs and banks who are setting setting stricter guidelines on who...
Fidelity has launched a new data sharing hub called Akoya in a bid to end screen scraping and clarify data...
Writing in Forbes Ron Shevlin of Cornerstone Advisors talks about moats in financial services and where banking is headed for...
Banks can take a lot of lessons from Facebook in regards to the ongoing data problems with Cambridge Analytica; as data sharing becomes commonplace in banking, banks and their partners need to ensure information is kept secure and not used for nefarious reasons. Source.
While most companies are looking for further deregulation they are increasingly looking towards regulators for more clarity on data sharing;...
In an op-ed in the FT, the chairman of BBVA, Carlos Torres Vila, argues for the expansion of European open...
JPMorgan Chase plans to block fintechs from screen scraping as they believe the practice is putting the bank at greater...
In December JPMorgan Chase CEO Jamie Dimon said the bank was working on creating their own API for data sharing;...