#open-banking

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www.cbc.ca
1 week ago
Canada news

Open banking could spur competition, but fintechs say Canada's moving too slowly | CBC News

Federal efforts in Canada towards open banking are a game-changer but criticism exists over slow progress impacting innovation for smaller financial players. [ more ]
London Business News | Londonlovesbusiness.com
1 month ago
Digital life

There is 20 million financially underserved people across the UK with fair or poor credit scores

Users of BuildMyCreditScore saw an average 52 points increase in credit scores in 3 months.
One in ten users improved credit score by over 100 points. [ more ]
www.theguardian.com
1 month ago
Privacy professionals

Millions more in cash needed to fund UK's open-banking watchdog

Banks are under pressure to provide interim funding for open banking supervision.
Regulators seek funding to prevent financial crime and protect consumers. [ more ]
Future of Privacy Forum
3 months ago
Privacy professionals

FPF Files Comments with the Consumer Financial Protection Bureau Regarding Personal Financial Data Rights - Future of Privacy Forum

The Future of Privacy Forum filed comments with the CFPB in response to proposed rulemaking on personal financial data rights.
FPF's recommendations include developing industry standards for privacy rules, supporting an opt-in standard, and prohibiting screen scraping of data. [ more ]
TechCrunch
2 months ago
Ruby on Rails

Zum Rails takes in first capital to launch new banking-as-a-service, FedNow offerings | TechCrunch

The adoption of open banking and instant payments in the U.S. is slower compared to other countries like Brazil. The new FedNow program and forthcoming data-sharing regulations present growth opportunities.
Zūm Rails is working to simplify payment processes by providing an all-in-one payments gateway that merges open banking with instant payments, allowing companies to offer a wide range of payment services effortlessly. [ more ]
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