The Consumer Financial Protection Bureau's (CFPB) proposed rule on open banking aims to change the way consumer banking data is accessed and shared among financial institutions, third-party providers, and data aggregators. Focused on fostering competition, innovation, and consumer empowerment,
In recent years, the regulatory technology (RegTech) industry in Italy has garnered significant attention due to technological advancements and heightened regulatory pressures. As enterprises navigate the complexities of compliance and risk management, RegTech solutions have emerged as
Coinbase, a leading cryptocurrency exchange platform, has partnered with Plaid, a financial technology company, to improve the speed and security of banking transactions. This move aims to streamline the verification process and facilitate faster fund transfers for Coinbase users. However, this
The bustling world of finance faced a significant shake-up earlier this year when Ally Financial, a prominent banking institution, was hit by a substantial data breach. This incident has now escalated into a legal nightmare for the company, with customers seeking justice through class action
The integration of artificial intelligence (AI) into the financial industry has brought a significant transformation to banking and financial services. From tackling fraud and improving operational efficiency to supporting financial advisors and enhancing customer service, AI is revolutionizing
PortX recently revealed a significant advancement in financial technology integration through their collaboration with Fiserv’s AppMarket. This partnership introduces the FinTech Hub, an innovative solution aimed at improving the connectivity and operational efficiency of financial institutions. T
