The Consumer Financial Protection Bureau (CFPB) is guiding the evolution of open banking regulations. By setting a deadline for the Personal Financial Data Rights rule by fall 2024, the CFPB plans to give consumers greater control over their financial data. This initiative is a key component in the
In 2024, the fintech sector is undergoing a revolution, thanks to the integration of blockchain technology. This synergy has launched a new wave of financial tools, marking a significant leap in how transactions are handled. Blockchain's impact is notable for the efficiency, inclusivity, and
Generative AI is revolutionizing the FinTech sector with its rapid advancement, offering novel levels of efficiency, customization, and security. As a result, finance is being reshaped from the inside out. This high-powered technology leverages extensive data to deliver deep insights and precision.
A New Era of Financial Inclusion Alternative data is radically changing the landscape of credit scoring by including measures of financial stability and responsibility that traditional methods ignore. It is an essential step toward greater financial inclusion, benefitting those who have been credit
Griffin Bank has made significant strides in the Banking-as-a-Service (BaaS) sector by achieving a major milestone—a UK banking license. This distinction sets Griffin apart from many fintech contenders and allows it to offer comprehensive banking services, leveraging its advanced API-driven p
