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Account aggregators see greater adoption by investment industry

Almost two years since the Account Aggregator (AA) framework was launched by the Reserve Bank of India (RBI), the investment industry is slowly warming up to the financial data-sharing system ....

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Open banking is helping revolutionize access to credit

Digital economy innovations are easing credit while raising quality and levelling the field for lenders ....

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New money transfers spell end of credit card, says Brazil bank chief

Brazil's central bank chief Roberto Campos Neto has said that he believes credit cards will cease to exist soon due to the growth of the open finance system ....

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Brazil bank chief: Credit cards will cease due to open finance system

Brazil's central bank chief Roberto Campos Neto has said that he believes credit cards will cease to exist soon due to the growth of the open finance system ....

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Financial Data Exchange (FDX) Adds 33 New Members

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The Financial Data Exchange (FDX) welcomed 33 new members in the past 4 months, bringing the total membership to 168 organizations. The group is collectively working to transition the financial services ecosystem to a modern, transparent, and secure API-based financial data sharing approach.
Since its launch in 2018 with 21 founding members, FDX experienced an eightfold increase in members. The growing membership is also reflected in the rapid adoption of the FDX API, as data providers, such as financial institutions, data access platforms, like financial data aggregators, and data recipients such as fintech apps, are collectively transitioning to the standard.
FDX represents an industry-wide movement to enhance consumer and business control of financial data, through its FDX API and technical standards that prioritize the group’s Five Core Principles of Financial Data Sharing – Control ....

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