The Consumer Financial Protection Bureau (CFPB) has proposed an open banking rule (Proposed Rule) requiring certain financial institutions to allow consumers and approved third-party financial service ...

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 ...

Lee Fulmer, senior advisor at McKinsey and Chairman of the OpenUK Finance Advisory board, weighs in on why open banking is such a hard problem. His insights have important implications for the ...

Businesses and consumers are increasingly transitioning to cashless or cash-light transactions, driven by the growing adoption of remote and online payment solutions. According to American Bankers ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Launched in the United Kingdom in January 2018 with the ...

The CFPB’s personal financial data-rights rule provides a legal framework to dramatically expand open banking in the United States and spur a host of innovative products. But first, the rule must ...

A quote, often attributed to Lao Tzu, states, “Nature does not hurry, yet everything is accomplished.” For all those involved in open banking, these may feel like cold words of comfort, because ...

What Every CEO Needs to Know: Your Complete Guide to Entering and Succeeding in the U.S. Open Banking Industry. With the U.S. Open Banking financial landscape entering a new era with the new rules for ...