As technology continues to transform the financial sector, Texas has released new guidance focusing on the utilization of fintech tools by financial advisors. This guidance comes in response to the increasing adoption of fintech platforms, especially for accessing client data from held-away
In a significant move, a coalition of leading crypto, fintech, and retail trade organizations has appealed to President Donald Trump, amidst legal challenges from prominent banks, to uphold the U.S. open banking framework. The coalition argues that these legal actions pose a threat to consumer data
In the contemporary landscape of financial services, where data privacy and compliance are under constant scrutiny, the recent legal dispute involving Ameriprise Financial and LPL Financial sheds light on a critical issue. The case revolves around claims of confidential client data being improperly
The rapidly evolving landscape of financial technology and cryptocurrency faces a standstill as it grapples with regulatory challenges, particularly due to the Consumer Financial Protection Bureau's (CFPB) Open Banking Rule. This pivotal regulation grants consumers the right to access and securely
The financial sector was recently shaken by a significant incident involving The Bank of Canton, which agreed to a $300,000 settlement following a 2023 data breach. This breach stemmed from a security vulnerability in the MOVEit file transfer software, heavily relied upon by Fiserv Inc., a
In the increasingly digital age, the rapid evolution of payment systems is significantly altering the financial landscape across the globe, with Australia at the forefront of this transformation. Driven by a combination of digital innovation, consumer demands, and regulatory support, fast payments
