Data sharing

Tighter European data regs ease consumer privacy fears

Consumers generally approve of GDPR’s goals of tightening data-protection and consumer privacy, and more than half would consider fleeing to another provider if they suspected corporations were unclear in their communications or intentions about gathering data.

GDPR Kate Fitzgerald August 13

GDPR Kate Fitzgerald August 13
Capital One mends fences with one aggregator, deepens relationship with another

Capital One's dispute with Plaid raised questions about the ability of banks and aggregators to work together. But the end of that fight, and Capital One's deal with Finicity, show common ground can be reached — eventually.

Data sharing Nathan DiCamillo August 10

Data sharing Nathan DiCamillo August 10
Bankshot Banks won't 'like' this offer from Facebook

Suleman Din
Technology Editor American Banker and Financial Planning

Facebook is seeking customer data from big banks. Executives say it's not clear what the benefit would be, but the drawbacks are easy to tally.

Facebook August 9

Facebook August 9
PayThink Fintechs’ vulnerability apparent in Capital One data-access flap

Mary Wisniewski
Deputy editor BankThink

Whatever the reason that Plaid, a prominent data aggregator, can no longer access data from Capital One, the situation demonstrates how fragile fintechs are when they lose banking access.

Data sharing July 5

Data sharing July 5
PayThink PSD2 will turn banks into 'Amazon.' It has to.

Nick Frankland
Managing director Legal and General Insurance

The open banking model is not very different from what Amazon brought about in retail. Banks have little choice but to embrace the concept, according to Nick Frankland, managing director of fintech at Legal and General.

Data sharing May 15

Data sharing May 15
PayThink Europe's PSD2 might as well apply to the entire world

Frederik Mennes
Manager Vasco Data Security

While there are some potential challenges to address, the European-focused PSD2 is an opportunity for banks globally to bolster their service offering, while at the same time working with fintechs to respond effectively to changing customer demands, to drive both convenience and security in the fast-paced, online world, writes Frederik Mennes, senior manager for market and security strategy at the Security Competence Center at VASCO.

Data sharing April 30

Data sharing April 30
Data-sharing spec revised to encourage open banking

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

Data sharing Penny Crosman February 13

Data sharing Penny Crosman February 13
Time to address banks’ skepticism about data sharing

An ex-regulator’s stern warning about the risks of sharing consumer information with fintechs has prompted debate over common security standards for banks and nonbanks, better data tracking and new liability insurance products.

Data sharing Penny Crosman December 5, 2017

Data sharing Penny Crosman December 5, 2017

Data sharing

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