Data Sharing news and trends

Investment Apps Tap Open Banking to Help Consumers Cut Costs, Maximize Returns
Banking // April 04, 2024

Traditional wealth management services often involve face-to-face interactions with financial advisors, extensive paperwork and opaque fee structures, making the process daunting for many potential investors. However, the digital age has brought about significant shifts in consumer expectations and demands, prompting the industry to adapt and...

GM Ends OnStar Data Sharing Following Public Protest
Data // March 24, 2024

Consumer outcry has led General Motors to cease sharing connected car data with brokers. “As of March 20th, OnStar Smart Driver customer data is no longer being shared with LexisNexis or Verisk,” GM told Ars Technica Friday (March 22). “Customer trust is a priority for...

Data Sharing Adds Credibility to Authenticating Businesses Online
Authentication // February 27, 2024

Jim McCarthy, CEO of Thredd, told PYMNTS’ Karen Webster that the challenge of authentication in the B2B space is decades old. Before the advent of the internet, he said, and stretching back to his previous tenure at Visa, merchants “would go from one acquirer to the...

Earnings Season Spotlights the Value of Data in Priming Open Banking
Data // February 12, 2024

It’s mid-February, and the tone of earnings season — along with various partnership announcements — has underscored the value of data harnessed by all manner of providers to make open banking more of a reality in the U.S. Permissioned data is arguably the most essential...

Interviews & Exclusives
Connected Consumer Data Provides Solid Growth Strategy for Merchants

April 25, 2024
Businesses that use data strategically can unlock opportunities, fuel growth and reduce risk, Jeff Pomeroy, SVP and head of Omnicommerce at Carat from Fiserv, writes in the new PYMNTS eBook, “The Implications of Uncertainty.”   In the face of uncertainties, data is emerging as a business’s most powerful ally. Organizations that treat data as more […]

Data Sharing Adds Credibility to Authenticating Businesses Online

February 27, 2024
Jim McCarthy, CEO of Thredd, told PYMNTS’ Karen Webster that the challenge of authentication in the B2B space is decades old. Before the advent of the internet, he said, and stretching...

Fiserv: Plaid Data-Sharing Partnership Lets Consumers Ditch Account Credentials

October 18, 2023
Data sharing — and open banking — are due for a quantum leap forward in the United States. Matt Wilcox, president of digital payments at Fiserv, told Karen Webster about...

US, EU Data Sharing Framework Paves Way for ‘Trust and Consumer Confidence’

September 28, 2023
Ashley Eisenberg, data privacy officer at Forter, told PYMNTS in a recent interview that as companies do business across borders, data access — and protection — are top of mind....

Quick Reads
GM Ends OnStar Data Sharing Following Public Protest

March 24, 2024
Consumer outcry has led General Motors to cease sharing connected car data with brokers. “As of March 20th, OnStar Smart Driver customer data is no longer being shared with LexisNexis or Verisk,” GM told Ars Technica Friday (March 22). “Customer trust is a priority for us, and we are actively evaluating our privacy processes and […]

FIS Debuts Interoperable Platform for Sharing Bank Data

February 08, 2024
FIS has debuted a platform that lets its clients’ customers share banking data. The Florida-based global FinTech has signed agreements with data networks Akoya, Envestnet, Yodlee, MX and Plaid to integrate into the FIS Open Access platform, the...

Socure Launches Tool and Financial Consortium to Fight First-Party Fraud

October 23, 2023
Socure has launched its first-party fraud solution, Sigma First-Party Fraud, along with the First-Party Fraud Consortium (FPFC). Together, these solutions aim to help companies detect and prevent first-party fraud, the provider of...

Fiserv Offers Developers Access to Its Banking Hub

October 19, 2023
Fiserv says it has made it easier for financial institutions and FinTechs to collaborate. The payments and financial services technology solutions company announced Thursday (Oct. 19) that it had streamlined access to its...