The fight over the CFPB’s status and, in particular, the future of Open Banking Rule 1033 is on. A Washington, D.C.-based trade group, the Financial Technology Association (FTA), is seeking to intervene in a lawsuit challenging the Consumer Financial Protection Bureau’s (CFPB) final rule on personal...
Plaid has launched a partnership with loan origination platform Algebrik AI. The collaboration, announced Monday (Feb. 4), will integrate Plaid’s consumer-permissioned data with Algebrik, allowing for easier identity verification, financial data access and better decision-making for lenders and borrowers. “Credit unions, a key focus of this partnership, stand to...
Method Financial has raised $41.5 million in a Series B funding round to continue building its solution for consumer-permissioned financial connectivity and expanding it to new use cases. The company currently powers more than 60 FinTech and consumer lending clients and has enabled 30 million...
Financial data collection firm Validis has received strategic investments from Citi and Barclays. The two banking giants will use U.K.-based Validis’ platform to automate financial monitoring, deliver underwriting-ready data faster, and reduce application and credit review time, the company said in a news release Tuesday...
February 12, 2025
The fight over the CFPB’s status and, in particular, the future of Open Banking Rule 1033 is on. A Washington, D.C.-based trade group, the Financial Technology Association (FTA), is seeking to intervene in a lawsuit challenging the Consumer Financial Protection Bureau’s (CFPB) final rule on personal financial data rights, commonly known as Rule 1033. The FTA’s […]
January 09, 2025
The news this week that the Consumer Financial Protection Bureau (CFPB) has recognized Financial Data Exchange (FDX) as a standard-setting body — to help determine how permissioned financial data will be...
December 16, 2024
Today’s treasury operations are a far cry from your father’s, as the saying goes. Agility, powered by real-time insights and dynamic decision-making, is increasingly allowing treasury teams to move beyond...
December 04, 2024
Not all data is created equally. And for 21st century finance and treasury teams attempting to navigate today’s atypical and dynamic economic environment, it’s not just about having data —...
February 03, 2025
Plaid has launched a partnership with loan origination platform Algebrik AI. The collaboration, announced Monday (Feb. 4), will integrate Plaid’s consumer-permissioned data with Algebrik, allowing for easier identity verification, financial data access and better decision-making for lenders and borrowers. “Credit unions, a key focus of this partnership, stand to gain significant operational advantages,” the companies said in a news […]
January 23, 2025
Method Financial has raised $41.5 million in a Series B funding round to continue building its solution for consumer-permissioned financial connectivity and expanding it to new use cases. The company...
January 14, 2025
Financial data collection firm Validis has received strategic investments from Citi and Barclays. The two banking giants will use U.K.-based Validis’ platform to automate financial monitoring, deliver underwriting-ready data faster,...
October 22, 2024
The Bank Policy Institute and the Kentucky Bankers Association filed a lawsuit Tuesday (Oct. 22) challenging the Consumer Financial Protection Bureau’s (CFPB) final rule on data sharing that was unveiled...
