Open banking should not be used for underwriting insurance, a federally appointed committee said Wednesday. In its final report issued Aug. 4, the Advisory Committee on Open Banking recommended ...

The card network’s CEO favors the worldwide open banking trend, and predicts it will be a “winning proposition over time.” ...

Open banking rules could help create a level playing field between technology companies and the insurance industry, speakers suggested at a recent virtual conference. Bringing in “consumer ...

The US Consumer Financial Protection Bureau (CFPB) plans to revise the open banking regulations initially adopted under ...

Open banking’s potential is to raise the competitive intensity of the banking sector that will, in turn, lead to lower fees, higher interest rates on savings and new approaches to all manner of ...

New “Open Banking” regulations are expected from the CFPB next month and from the Department of Finance in Canada next year. These rules will impact over 100 million consumers and will require ...

Still, open banking is making progress. That means financial institutions and fintechs will need to convince customers to move data into their systems, said Robert Hayman, head of emerging initiatives ...

Open banking advocates say the delayed regulatory review could cause Canada to fall behind further and restrict the ability of domestic fintechs to scale. Critics, meanwhile, warn the new regime could ...

The Trump administration is doing away with a regulation designed to promote data sharing between banks and third parties. But for Citizens, the move isn't hindering its bullishness on the broader ...

New “Open Banking” regulations are expected from the CFPB next month and from the Department of Finance in Canada next year. These rules will impact over 100 million consumers and will require ...

iStock / FangXiaNuo With investment dealers keen to take part in the federal government’s effort to facilitate banking sector innovation through “open banking,” the Canadian Investment Regulatory ...