Accenture

JULY 15, 2020

In my last post, I talked about why open data has a pivotal role to play in the unprecedented times COVID-19 has brought upon us. Given the power of open data technologies and the speed at which fintech…. The post Five examples of open data as a force for good during COVID-19 appeared first on Accenture Banking Blog.

Examples 221

Examples Data Fintech US 221

Accenture

NOVEMBER 15, 2019

Today, the vast majority in the industry have heard the term Open Banking, but what does it really mean? The post Open Banking is already here. Open data is just beginning. The answer isn’t as simple as many people might think. Globally, however, the term…. appeared first on Accenture Banking Blog.

Data 152

Data Regulation Industry Payments 152

BankInovation

MARCH 8, 2024

Banks are looking for ways to monetize the sharing of consumer data as open banking regulations are passed across the globe.

Data 64

Data Regulation Fintech Retail 64

PYMNTS

JANUARY 30, 2020

Banks and FinTechs continue to discover new opportunities in unlocking corporate clients’ financial data, with banks embracing data integration for their own product development initiatives, and FinTechs finding new ways to collaborate with each other. AccountantsWorld Unlocks Payroll Data for FinTechs.

Data 161

Data Fintech Cards Software 161

PYMNTS

MARCH 12, 2019

For proponents of open banking , the regulatory initiative seen in the U.K. While policymakers target protection and customer ownership of data, one of the most prominent selling points for open banking is the ability for data to move seamlessly between once-siloed platforms. But in jurisdictions like the U.S.

Data 184

Data Fintech Strategy Regulation 184

PYMNTS

NOVEMBER 2, 2018

Whether driven by regulation or market competition, the financial services sector in several jurisdictions is progressing toward open banking, interconnectivity and a freer flow of data between customer accounts and third parties. This is where open banking initiatives come in to make the problem even more complex.

Security 194

Security Data Strategy Trends 194

PYMNTS

NOVEMBER 1, 2018

-based alternative small business lender iwoca is linking into data from Lloyd’s Bank accounts to streamline loan underwriting for joint customers. 31), iwoca said it is the first SMB lender to link into a high-street bank via open banking, with the regulatory initiative allowing the lender to have direct access to bank account data.

Data 144

Data Lending Regulation Meeting 144

Bank Innovation

FEBRUARY 26, 2018

The Australia and New Zealand Banking Group (ANZ Banking Group) announced an investment in fintech startup Data Republic as the bank readies for new open-banking regulations from the government. The partnership will provide ANZ access to Sydney-based Data Republic’s platform, allowing the bank to use its data so.Read More.

Regulation 210

Regulation Data Fintech Groups 210

The Paypers

MARCH 5, 2024

UK-based Lloyds Banking Group has joined the Open Property Data Association to speed up home buying and selling through a standardised approach.

Groups 36

Groups Data 36

Accenture

JUNE 9, 2023

With Open Banking evolving into Open Finance around the world, it has been difficult to gather the necessary data to track its progress and see the patterns evolving in different regions. Thanks to Open Banking Excellence, that data has been gathered and analyzed in a new report, The Open Finance Index.

Regional 221

Regional Data Report Digital Banking 221

American Banker

AUGUST 7, 2023

A federal judge's decision to bar the Consumer Financial Protection Bureau from enforcing a small business data collection rule pending the outcome of a Supreme Court case could give banks an opening to block a pending $8 late fee rule as well.

Data 67

Data Policies Compliance Regulation 67

BankInovation

JULY 6, 2022

Direct bank payments company GoCardless plans to acquire open banking data provider Nordigen later this summer in a move to grow its bank payments network, the companies announced Friday. Latvia-based Nordigen is a free, open-banking platform that provides access to data and premium insights to more than 2,300 […].

Data 52

Data Payments Company 52

FICO

OCTOBER 17, 2022

Open Banking in the Philippines and the Opportunities in the Data. How data sharing can improve credit risk decisioning. Open Banking in the Philippines - the path ahead. Open Banking in the Philippines promises to give customers the control to share their data and allow third-party providers to access their data.

Data 52

Data Analytics Lending Ohio 52

The Paypers

SEPTEMBER 20, 2022

Netherlands-based Teenit has partnered Latvia-based Open Banking provider Nordigen in order to obtain accurate transactional data and balances in real time.

Data 53

Data 53

PYMNTS

JUNE 18, 2018

Acxiom , the data foundation geared toward marketers, announced Monday (June 18) that, based on a new report in conjunction with the Data & Marketing Association (DMA), U.S. consumers are becoming more open to engaging in data exchanges in return for better offers and services.

Data 100

Data US Survey Millennials 100

Accenture

OCTOBER 31, 2023

PSD2 helped drive electronic payment and data-sharing volumes while enhancing security. The new framework will create a consistent regulatory environment… The post EU future-proofs its payments and Open Banking ecosystem with PSD appeared first on Accenture Banking Blog. 1) Gaps in the regulatory application of PSD2.

Payments 414

Payments Regulation Security Data 414

PYMNTS

MAY 16, 2018

Business intelligence company Creditsafe is enhancing its credit information database with a focus on business financial data, the company announced Tuesday (May 15). The company said it is opening up access to financial trade payment data, which includes credit and financial performance information of U.S. businesses.

Data 100

Data Payments Cards America 100

Accenture

SEPTEMBER 30, 2020

In our last post, we talked about how it was time for banks to start looking beyond compliance in Open Banking, or as it is enacted in Australia, the Consumer Data Right (CDR), and to imagine their role in the new application programming interface (API) and open-data economy. Open Banking and CDR data offer banks….

Compliance 307

Compliance Data 307

The Paypers

JULY 5, 2023

Personal finance app Fintonic has developed OpenInsights, its new division specialised in designing advanced Open Banking services and data analysis for companies and financial entities.

Analytics 36

Analytics Data Analysis Company 36

Accenture

JUNE 9, 2021

Following our article on 5 actions to enable Open Banking for business finance, we now consider how commercial banks can innovate their entire business model by using Open Banking frameworks to build a powerful ecosystem.

Compliance 412

Compliance Innovation Data 412

PYMNTS

AUGUST 25, 2019

Look Who’s Charging is integrated with a number of Australian banks, with data available to millions of Australians within its existing digital banking apps. The deal combines Experian’s global open data solutions with Look Who’s Charging’s advanced enrichment capabilities. “The

Data 109

Data Fintech Lending Regional 109

Bank Innovation

JULY 10, 2016

The Open Data issue is really a double edge sword, especially for banks. Some thoughts… Read more Wrap of Week #27: Swiss Fintech conference, Sentiment Fintechs, Open Data in banking, InsurTech Winners, Blockchain pitchathon. The US will follow next week.

Conference 150

Conference Fintech blockchain Data 150

Accenture

JANUARY 21, 2021

After a tumultuous 2020, the New Year brings more change and, for commercial banks that act boldly, new opportunities in Open Banking. As of February 1st, Australia enters the next phase of its Open Banking transformation when banks and other financial institutions are required to be ready to share business finance data across the industry….

Data 359

Data Industry 359

BankNXT

MAY 11, 2017

Financial data will soon become a new commodity owned and managed by customers, not banks. Open banking – is data the new currency? Story by Alessandro Hatami. on BankNXT.

Data 85

Data Management Big Data Apple 85

CFPB Monitor

JANUARY 4, 2019

As previously reported , late in 2018 the CFPB announced the availability of a beta version of a Home Mortgage Disclosure Act (HMDA) data platform for companies to test the filing of 2018 data. The CFPB has now announced that the beta testing period is closed and the HMDA data platform is open for the filing of 2018 data.

Data 74

Data Report Company 74

PYMNTS

JULY 26, 2017

“Our mission is to be the best way to pay for everyone anywhere,” Visa’s Executive Vice President of Technology Rajat Taneja , told Karen Webster in an interview about Visa’s opening of two state-of-the-art data centers in Singapore and the United Kingdom. The Singapore and U.K.

Data 102

Data Security Cards Regional 102

PYMNTS

NOVEMBER 23, 2020

There’s no shortage of consulting advice and press clippings that will state the importance of actionable data for companies as a selling, operational and marketing strategy. Big data, it used to be called. Last week, the Department of Justice gave the green light to Mastercard’s $825 million acquisition of data aggregator Finicity.

Data 293

Data Innovation Big Data Marketing Strategies 293

The Banker

AUGUST 16, 2022

Open banking offers opportunities for data-driven business models by allowing customers to share their banking data securely with third parties. The next step is unlocking customer data across the financial sector. Comment by Paul Anning, Karima Lachgar and Seirian Thomas of Osborne Clarke.

Data 36

Data Security 36

Accenture

SEPTEMBER 22, 2021

Open Banking allows customers to share access to their banking data with trusted third parties, which then provide the customer with a better banking experience. The post Unlock the promise of Open Banking market infrastructure appeared first on Accenture Banking Blog.

Marketing 259

Marketing Regional Data 259

The Paypers

JULY 8, 2022

Adatree has rolled out an Open Data marketplace called Adatree Exchange, looking to improve how companies discover and procure regulated Consumer Data Right (CDR)-ready, third-party software capabilities, according to IT Brief New Zealand.

Data 36

Data Software Regulation Company 36

The Paypers

AUGUST 9, 2022

Legado , a Scotland-based open document and data platform, has acquired WonderBill , a consumer and business-to-business (B2B) bill management technology.

Data 36

Data Management Technology 36

The Paypers

JULY 7, 2022

Adatree Exchange, an Open Data marketplace, has launched improving the way organisations discover and procure regulated Consumer Data Right (CDR)-ready, third-party software capabilities.

Data 28

Data Software Regulation 28

The Paypers

SEPTEMBER 10, 2021

The Central Bank of Brazil has released the minimum scope of data for Phase 4 of Open Banking, to be detailed by the Open Banking governance structure, according to the official press release.

Data 60

Data 60

Payments Source

AUGUST 22, 2018

A more open approach to banking will bring major changes, with quality data on banking services and IT security now becoming a significant factor for consumers in selecting a provider.

Security 64

Security Data Compliance 64