The ads come as Canadian banking is going through generational shifts, including a wave of smaller players being bought up, the emergence of tech-based players as potential threats…
Read more Generational shift brings competition to Canada’s banks – MoneySense“We will introduce measures to enhance competition across the economy—starting with the financial and telecommunications sectors,” said Finance Minister François-Philippe Champagne in the prepared text of his budget…
Read more Canadians to see lower fees and simpler account transfers – MoneySenseBigger thinking needed to fix Canada’s productivity crisis A more productive economy is better equipped to handle that shock, Rogers argued, and competition is a path to productivity.…
Read more Complacency, competition, and Canada’s productivity crisis – MoneySensePlaid Inc. agreed to pay JPMorgan Chase & Co. for its consumer data, the latest accord in a battle between financial technology firms and banks over who can…
Read more Plaid to pay JPMorgan for customer data amid industry feudPlaid Inc. agreed to pay JPMorgan Chase & Co. for its consumer data, the latest accord in a battle between financial technology firms and banks over who can…
Read more Plaid to pay JPMorgan for customer data amid industry feudAmid an uncertain future for open banking, varying views on data sharing could pose a setback. JPMorgan, for one, is asking for data sharing companies to pay for…
Read more Should banks charge for access to consumer data?Amid an uncertain future for open banking, varying views on data sharing could pose a setback. JPMorgan, for one, is asking for data sharing companies to pay for…
Read more Should banks charge for access to consumer data?Open banking will not be won by moving data faster. It will be won by moving trust. As Section 1033 advances, the useful question is not whether information…
Read more Move trust, not data: How Section 1033 can make open banking workVisa Inc. shut its open-banking business in the US amid regulatory uncertainty about consumer-data rights and the prospect of higher fees for customer information, according to people familiar…
Read more Visa abandons open banking in US as data-access debate ragesEmbedded finance and automated lending services are under threat as policy and regulatory changes continue under the Donald Trump administration. After nearly seven months, effects from the changes…
Read more Embedded finance changing along with CFPBPNC is developing a decisioning dashboard that will give customers control over where their financial data is shared. The Section 1033 open banking rule published by the Consumer…
Read more PNC dashboard puts data sharing in customers’ handsLAS VEGAS — The Consumer Financial Protection Bureau Director Rohit Chopra hopes the financial services industry moves away from screen scraping although its Oct. 22 Section 1033 Open…
Read more CFPB director favors ‘the end of screen scraping’Banks should look to their core providers to ensure they have the API frameworks to be compliant with this week’s Consumer Financial Protection Bureau ruling on open banking. …
Read more Core providers can help FIs prepare for open bankingExperts are assessing the effects of the Personal Data Right rule on consumers, competition and innovation following the Consumer Financial Protection Bureau’s announcement of the finalized rule. …
Read more Final CFPB open banking rule to force innovationUS banks will now have to give customers access to their financial data after the top consumer watchdog finalized a long-awaited rule aimed at fueling more competition for…
Read more US banks prepare for new era of consumer financial data sharingOpen banking regulation should promote secure data sharing while eliminating the need for screen scraping. In the United States and Canada, screen scraping is still a common…
Read more Open banking safer than screen scraping, experts sayCitizens Bank is investing in its API infrastructure, migrating operations to the cloud and teaming up with vendors to ready its operations for impending open banking regulations expected…
Read more How Citizens is prepping for open bankingAI coupled with an open banking framework provides better access to credit for consumers. The technology presents an opportunity for consumers with limited credit to obtain loans and…
Read more AI, open banking to boost consumer credit accessMichelle Beyo, CEO,Finavator Michelle Beyo, chief executive of consultancy firm Finavator, will be featured in the upcoming Bank Automation News webinar “The future of open banking: Payments meet…
Read more Webinar on future of open banking to feature Finavator’s BeyoThe Consumer Financial Protection Bureau is expected to finalize its Section 1033 regulation on open banking this fall, and financial institutions are weighing in on the standardization. As…
Read more FIs weigh in on US open banking regulation
