Data sharing

Banks strain to satisfy competing AML, data protection rules

05/18/18

Deadlines imposed by U.S. and EU regulators are giving banks intercontinental whiplash.

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BofA’s AI play, Zelle departure, more guidance (please): Top stories of the week

05/18/18

Bank of America on where its AI hopes (and worries) lay; Zelle founder Paul Finch announces his leave from the payments network; the one area where banks and fintechs want more regulation; and more from this week's most-read stories.

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What banks can do to avoid drowning in data

05/11/18

It can be difficult for financial services companies to glean customer insights from the abundance of information they have.

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Who’s on the hook for a hack? Aggregators team up on answer

05/10/18

A new set of principles by Envestnet’s Yodlee, Quovo and Morningstar's ByAllAccounts aims to settle a much-debated issue in data sharing: which party is liable when a hack occurs.

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Are banks heading for a Facebook-style data crisis?

04/24/18

In a survey, bankers conceded they may not be doing enough to avoid the mistakes social media giants made in the use of unverified data.

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Banks need to be worried about Facebook's data-sharing debacle

04/19/18

Financial institutions are sharing more information with third parties these days, but they need to be cautious about it.

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Facebook’s data problems have an upside for banks

04/10/18

With consumer privacy issues in the spotlight, Citibank is betting its app — as an offering from a trusted data partner — will be more appealing than those from unknown brands or companies that have less liability if security breaches occur.

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Is Finra's dire warning about data aggregators on target?

04/09/18

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.

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New SunTrust IT chief weighs open banking, AI, fintech partnerships

03/16/18

Banks should adopt a more collaborative process to usher in innovation and refine digital strategy, says SunTrust CIO Scott Case.

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Data-sharing spec revised to encourage open banking

02/13/18

FS-ISAC hopes banks and data aggregators will adopt the updated standard for sharing customer account data.

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