Financial Data news and trends

Banking Groups Ask Treasury to Limit Data Collection After Cybersecurity Incidents
Cybersecurity // June 09, 2025

Four financial industry trade associations said Monday (June 9) that federal agencies should limit their data collection to “only what is necessary” after a series of cybersecurity incidents targeted those agencies. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Open Banking Rule in Limbo as Legal Jousting Continues
Bank Regulation // June 02, 2025

It’s Monday, June 2 and at this writing the ultimate fate of Rule 1033 — the so-called “open banking” rule set in motion last year by the Consumer Financial Protection Bureau (CFPB) — remains in limbo. Get the Full Story Complete the form to unlock...

Plaid: Bank Account Connectivity Underpins ‘Data Revolution’ in Financial Services
Payments Innovation // April 03, 2025

For Plaid, the connectivity — tying bank accounts to a broad range of providers across financial systems — lays the groundwork for double-digit growth. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Court Battle Could Reshape Consumer Financial Data Landscape
Bank Regulation // 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...

Interviews & Exclusives
Small Businesses Lose Vital Financing as Banks Struggle to Verify Who They Are

June 25, 2025
A solo dental practice in a small town. A mom-and-pop Italian restaurant in a large city. Or a one-of-a-kind hair salon somewhere in between. Tiny, independently owned businesses with fewer than 10 employees and, typically, brick-and-mortar storefronts are a bulwark of private-sector entrepreneurship that contributes significantly to local and national economies. But these pint-sized enterprises are […]

Open Banking Rule in Limbo as Legal Jousting Continues

June 02, 2025
It’s Monday, June 2 and at this writing the ultimate fate of Rule 1033 — the so-called “open banking” rule set in motion last year by the Consumer Financial Protection...

Court Battle Could Reshape Consumer Financial Data Landscape

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...

CFPB’s Open Banking Standardization Push Faces Legal, Logistical Hurdles

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...

Quick Reads
Banking Groups Ask Treasury to Limit Data Collection After Cybersecurity Incidents

June 09, 2025
Four financial industry trade associations said Monday (June 9) that federal agencies should limit their data collection to “only what is necessary” after a series of cybersecurity incidents targeted those agencies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins […]

Plaid and Algebrik Launch CU-Focused Loan Origination Platform

February 03, 2025
Plaid has launched a partnership with loan origination platform Algebrik AI. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Method Raises $41.5 Million to Build Consumer-Permissioned Financial Connectivity

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. Get the...

Citi and Barclays Back Financial Data Collection Firm Validis

January 14, 2025
Financial data collection firm Validis has received strategic investments from Citi and Barclays. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...