The banking industry was doing just fine for centuries without “open banking.” Bankers were always in the business of managing risk. They collected deposits and issued loans. The reputed oldest bank ...

1) An academic study titled “Open data and API adoption of US Banks” which equates the use of APIs with open banking, and 2) a Pymnts article titled “46% of US Consumers Say They’re Ready for Open ...

According to the CFPB, as the rules take effect, consumers will be able to transfer their data between banks free of charge and without obstacles. U.S. Consumer Financial Protection Bureau (CFPB) ...

The CFPB must unequivocally state that consumers own their financial data and prohibit financial institutions from monetizing access to it. No one should dictate with whom consumers can share their ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. In October, the CFPB proposed its long-awaited open banking ...

Recently, JPMorgan Chase announced a shift in how it manages access to consumer banking data, introducing new data access fees for third-party aggregators. While the move focuses on infrastructure ...

Atto, a provider of credit risk solutions using transactional data, is pleased to announce a strategic partnership with FICO (NYSE: FICO), a global analytics software ...

Payments group Flutterwave acquires open banking specialist Mono as it builds bank-based payment and data infrastructure ...

Flutterwave has completed the acquisition of the Nigerian open banking startup Mono in an all-stock transaction valued at ...

Credit is nearly as old as human civilisation itself. Moneylenders operated more than 5,000 years ago in ancient Samaria, and the Babylonian Code of Hammurabi saw the world’s first regulator capping ...

Flutterwave acquires Mono for $25-$40 million, boosting Africa's fintech infrastructure while Mono continues independently.

Africa’s payments landscape just shifted. Flutterwave—the continent’s largest fintech company—announced its acquisition of ...