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...
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. The groups said this in a Monday letter addressed Treasury Secretary Scott Bessent and...
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. Kentucky remains ground zero for what happens. But the...
For Plaid, the connectivity — tying bank accounts to a broad range of providers across financial systems — lays the groundwork for double-digit growth. And while the news Thursday (April 3) may have centered on a $575 million capital raise (and a $6.1 billion valuation) and...
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 […]
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...
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...
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...
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. The groups said this in a Monday letter addressed Treasury Secretary Scott Bessent and sent in response to recent cyber incidents at the department […]
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...
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,...
