PYMNTS-MonitorEdge-May-2024

Banking Data

Banking Trade Associations Sue CFPB to Block Data Sharing Rule
Banking Trade Associations Sue CFPB to Block Data Sharing Rule
October 22, 2024  |  CFPB

The Bank Policy Institute and the Kentucky Bankers Association filed a lawsuit Tuesday (Oct. 22) challenging the Consumer Financial Protection Bureau’s (CFPB) final rule on...

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Markaaz CEO: SMBs Need a ‘Golden Record’ of Truth to Access Lending
Markaaz CEO: SMBs Need a ‘Golden Record’ of Truth to Access Lending
October 10, 2024  |  SMBs

If information is power, the lack of information creates a vacuum, especially in small business banking. As to what’s needed? Call it a single source...

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PNC and Plaid Partner on Secure Sharing of Banking Data
PNC and Plaid Partner on Secure Sharing of Banking Data
September 20, 2024  |  Banking

PNC Financial Services Group and Plaid have partnered to allow the bank’s customers to more securely share their data with third-party financial apps and services....

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What to Know About Rule 1033 as Open Banking Continues to Evolve
What to Know About Rule 1033 as Open Banking Continues to Evolve
September 17, 2024  |  Digital Banking

Open banking — relatively well-entrenched in Europe, nascent here in the United States — is taking shape largely by directive, through regulations and standards that...

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UK’s Open Banking Headwinds Point to Pitfalls of Innovation Through Regulation
UK’s Open Banking Headwinds Point to Pitfalls of Innovation Through Regulation
February 05, 2024  |  Banking

Open banking is set to change the world. But viewed through the lens of what’s happened so far, and through the lens of the United...

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CFPB Data Rules Don’t Go Far Enough, TCH and BPI Say
CFPB Data Rules Don’t Go Far Enough, TCH and BPI Say
January 02, 2024  |  CFPB

Two financial industry groups say proposed consumer financial data rules don’t go far enough. The Clearing House Association and the Bank Policy Institute submitted recommendations...

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Sparkle COO Says Open Banking Builds Trust by Putting Consumers in Control of Their Data
Sparkle COO Says Open Banking Builds Trust by Putting Consumers in Control of Their Data
April 19, 2023  |  Digital Banking

After years of advocacy, open banking is now live in Nigeria, the first country in sub-Saharan Africa to adopt the regulation. The launch marks an...

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How Technology Is Increasingly Humanizing Digital Banks
How Technology Is Increasingly Humanizing Digital Banks
November 17, 2022  |  Digital Banking

By some accounts, the omnichannel bank of the future has digital roots that trace back 20 years or more, Michael Haney, head of digital core...

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Revolut Starts Open Banking Service For UK Customers
Revolut Starts Open Banking Service For UK Customers
February 11, 2020  |  Banking

Revolut has announced a new Open Banking feature that will allow customers to access all their bank accounts on a single app. The move will...

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