Tag #Open Banking

Showing 1 to 9 of 9 results

forbes.com
🌐 85% Global Worthiness
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Fintechs Transform Global Payment Regulations into Revenue Streams

New payment regulations in Europe, the UK, Asia, and Brazil are reshaping the fintech industry by mandating faster, cheaper, and more secure transactions, fostering innovation and creating new revenue opportunities for companies that adapt to these rules; for instance, Circle's Q2 2025 revenue reach...

Progress

36% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Fintech Faces Regulatory Uncertainty After Court Strikes Down Debit Fee Cap

A federal court ruling invalidated the Federal Reserve's Regulation II debit interchange fee cap, prompting the CFPB to pause open banking and small business lending rules, creating uncertainty for fintechs who must now adapt to a fragmented regulatory environment.

Progress

44% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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JP Morgan Chase to Charge for API Data Access

JP Morgan Chase will charge for customer data accessed through APIs, a departure from "open banking" models, potentially impacting fintechs and reshaping the market through consolidation or innovation around alternative infrastructures like wallets and digital assets.

Progress

40% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 75% Global Worthiness
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TD Raises Account Transfer Fees to $150, Sparking Debate on Financial Industry Practices

TD Bank is raising its account transfer fees for registered plans to $150 from $75 starting July 1, a move criticized for adding costs to customers already losing loyalty, while highlighting the need for open banking to increase competition.

Progress

52% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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CFPB Needs Overhaul to Combat Rising Financial Fraud

A Cornerstone Advisors study reveals that nearly 100 million Americans consider fraud, scams, and cybersecurity the top banking issue, prompting calls for the CFPB to refocus its efforts on innovation and fraud prevention rather than regulation, as its current approach, such as implementing Section ...

Progress

56% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Banks Push Back Against Data Aggregators Over Consumer Data Access Fees

State-level attempts to regulate credit card interchange fees have largely failed this year, but banks now face another battle with data aggregators over fees for access to consumer bank data, spurred by a now-reversed Biden administration rule. JP Morgan's decision to charge data aggregators has tr...

Progress

24% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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US Treasury Urges Banks to Modernize to Maintain Global Competitiveness in Digital Finance

The US Treasury's new policy roadmap, "Strengthening American Leadership in Digital Financial Technology," calls for banks to adopt real-time payments, secure APIs, and digital identity solutions to remain globally competitive, urging a shift from fragmented innovation toward a coordinated national ...

Progress

40% Bias Score

Industry, Innovation, and Infrastructure
forbes.com
🌐 85% Global Worthiness
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Agentic Commerce: Reshaping Retail Payments

The retail payments sector is undergoing a radical shift towards agentic commerce, with companies like Mastercard, Visa, and Stripe investing heavily in building the necessary infrastructure, including dynamic access controls and robust identity solutions for AI agents, to manage the growing use of ...

Progress

40% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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U.S. Banks Challenge Open Banking, Threatening Consumer Financial Freedom

Major U.S. banks are challenging a 2024 federal rule to restrict consumer access to open banking, limiting use of financial apps by 80% of Americans and potentially harming financial innovation and the U.S.'s global competitiveness.

Progress

56% Bias Score

Reduced Inequality

Showing 1 to 9 of 9 results