The OCC released data sharing guidelines that have been met with mixed reviews, especially amongst fintechs and data aggregators; “I...
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.
In this episode we talk with the head of the Financial Data Exchange, Don Cardinal, on the importance of common standard for sharing financial data
Europe's PSD2 will require financial institutions to share data with third party service providers creating a new market opportunity for fintech developers with guaranteed account data access; in the US fintechs must still rely on relationship building to secure data partnerships thus making technology development more challenging; American Banker reports on details of a recently formed association that's seeking to make data access easier; the Consumer Financial Data Rights (CFDR) consortium includes 31 data aggregators and fintech companies lobbying for data access solutions and agreements; American Banker also outlines the progress that has been made in data sharing and proposals from the CFDR. Source
JPMorgan Chase plans to block fintechs from screen scraping as they believe the practice is putting the bank at greater...
Yodlee, a unit within Envestnet, has come under fire in recent days for their data sharing practices; Senators Ron Wyden,...
Despite the risks commonly cited by market participants, trading desks can leverage sensitive information to their advantage while complying with regulations and protecting that data.
Fidelity has launched a new data sharing hub called Akoya in a bid to end screen scraping and clarify data...
Akoya is currently Fidelity’s data-sharing arm but now will become its own company, owned by Fidelity, The Clearing House and...
Envestnet’s Yodlee, Quovo and Morningstar’s ByAllAccounts have come together to establish a data sharing framework with banks and fintechs; the...