The Consumer Financial Protection Bureau (CFPB) has recently issued a final rule on personal financial data rights under Section 1033 of the Dodd-Frank Act, aiming to transform consumer financial data privacy and control. Released on October 22, 2024, the rule sets significant new obligations on
Eviden has joined forces with Ordo and ByzGen to unveil a groundbreaking open banking solution designed to streamline bill payments between businesses and customers. This progressive flexi-payment platform taps into the power of open banking's Variable Recurring Payments (VRP), enabling secure,
The financial technology (FinTech) sector is on the brink of significant transformation, driven by innovations, consumer demands, and regulatory frameworks. By 2025, several key trends are expected to redefine the landscape, offering new opportunities and challenges for businesses and consumers
As the financial landscape evolves, Moldindconbank's strategic partnership with Salt Edge marks a significant leap towards open banking in Moldova. This article delves into the transformative effects this move will bring to the finance sector, examining how compliance with the National Bank of
In recent years, the concept of Open Banking has gained significant traction, driven by the need for more transparent and efficient financial services. As a result, the global Open Banking market is poised for substantial growth, with its value expected to increase from USD 35.4 billion in 2024 to
The Consumer Data Right (CDR), commonly known as open banking, has ignited a heated debate in Australia that revolves around its effectiveness and future potential. Recent discussions have showcased significant challenges and conflicting viewpoints among major banks, fintech companies, and
