FDATA in the News

Fintech companies argue that giving banks a tight grip over the flow of information will allow the big lenders to snuff out new competitors.

By creating industry-led open banking working groups, the US and Canada are inching their way toward the changes needed to provide the same access to the financial technology tools citizens in other countries do.

The era of open banking, where consumers and small businesses have full control of their financial data, may finally be upon us.

Just when it looked like banks, fintechs and data aggregators had reached a truce over the sharing of coustomer data, a new spat is threatening to resurrect points of contention.

Canada’s FinTech sector has seen steady growth in recent years, and there seems to be more on the horizon with increased collaboration between startups and incumbents.

Fintechs are making waves in the finance services and banking industries, and open banking will be a key factor propelling them to the forefront.

Data aggregators and fintechs have taken heat in recent days on the subject of cybersecurity – and they say the criticism is unfair.

Multiple pending federal legislations seek to address online data privacy concerns, asking businesses to provide better safeguards and data sharing options for consumers.

The Financial Data and Technology Association (FDATA) of North America today announced it added five new members in June, bringing the association’s total membership to 22.