Several fintechs are testing apps that let customers gain more say over how third parties use their data — and hope to one day be able to give them the power to revoke access to it entirely. ... Read full article
Both sides acknowledge where expectations haven't been met, and are feeling the same market pressures to adapt faster. ... Read full article
Even the best technologies take time, making it necessary to rein in expectations about what will happen and won't happen in the coming year. ... Read full article
Nadine Murray, who had worked for JPMorgan Chase's consumer bank, will guide strategy for Even Financial. It creates APIs that are meant to make its services the digital version of branches and agents. ... Read full article
Schwark Satyovolu, original co-founder of Yodlee and current venture capitalist at Trinity Ventures, shares opinion on how consumer data sharing is evolving. ... Read full article
A recent study concluded there are first-mover benefits for banks that embrace open banking. But many executives see its risks instead. ... Read full article
Shamir Karkal said his startup will allow fintechs to develop ACH processing for their companies without having to partner with banks. ... Read full article
With startups eating away at bank offerings, Oracle’s enterprise management platform is rolling out a new feature to streamline product development for business clients. ... Read full article
SynapseFI is engineering banking to work as digital parts that connect so easily an amateur developer could potentially build a functioning bank. ... Read full article
Even Financial, which provides an intermediary API between banks and third parties for consumers to be matched with financial products, raised the funds from investors, including Goldman Sachs. ... Read full article
Sensing an opportunity in the small business credit card market, Stripe is setting out to outflank big banks by offering APIs to enable its clients to issue their own physical and virtual credit cards. ... Read full article
Banks should more widely adopt application programming interfaces for sharing customer data with third parties because it's the best approach to ensuring information stays safe. ... Read full article
Rather than ban screen scraping, financial institutions should improve secure account connectivity so that consumers can share data with the apps they want to use. ... Read full article
The virtual card company is giving customers direct access to their data through an application programming interface to see what they do with it. ... Read full article
Whatever the reason that Plaid, a prominent data aggregator, can no longer access data from Capital One, the situation demonstrates how fragile fintechs are when they lose banking access. ... Read full article
The London company unveiled FusionFabric.cloud at Money 20/20 Europe this week. ... Read full article
The widely held belief that application programming interfaces are the key to banking’s future rests on the many ways early adopters are experimenting with the technology. But security and privacy concerns are still leading many in the industry to hold ... Read full article
The financial technology infrastructure firm has made its first move to provide services outside of the U.S. ... Read full article
The self-regulatory body says working with data aggregators increases risk of cyber fraud, unauthorized transactions and identity theft. But aggregators say other links in the information chain are more vulnerable. ... Read full article
Aspiration Bank relies on software tools to pull data from diverse sources to prevent fraud in account applications. ... Read full article
