What the CFPB's 1033 Rule Means for Your Financial Institution.
The CFPB announced that they have finalized its highly anticipated rule on personal financial data rights (1033). This landmark decision has significant implications for financial institutions of all sizes operating in the United States.
Build vs. Outsource vs. Buy.
The open data landscape presents financial institutions with a critical choice: build, outsource or buy? This decision carries significant implications for speed to market, cost, and overall business strategy.
Understanding Open Banking: Point-to-Point vs. Aggregators.
“What is point-to-point connection open banking?” While it may sound technical, it simply means a direct connection between a financial institution and a third-party provider (TPP), with no intermediary.
You can't close the gap in a race if you're standing still.
Some Canadian credit unions want to wait on open banking until absolute regulatory clarity. Is this necessary?