FDATA in the News

Some alternative funders are anxious for “open banking” to become the gold standard in the U.S., but achieving widespread implementation is a weighty proposition.

According to data compiled by Experian, New Jersey consumers have, on average, more credit cards in their pockets than the residents of any other state. Even more telling, the average New Jersey household has more than $7,150 in credit card debt, the fourth-highest rate in America.

The Tuesday op-ed “House bill would drive borrowers deeper into debt” by Kalitha Williams contains numerous inaccuracies and does a serious dis

Collectively, the members of the Financial Data and Technology Association of North America provide approximately 3.5 million Canadians with access to new, technology-powered financial tools that help them manage their finances. Despite an ambiguous regulatory environment, these consumers and small businesses have voted in favor of financial technology.

The national budget passed by Parliament requires the Department of Finance to offer findings and recommendations for a move toward open banking. Lawmakers didn’t set a deadline, but Finance Canada is already engaging with industry stakeholders to solicit input.

The Financial Data and Technology Association (FDATA) has launched its North American arm.

Across North America, policymakers, fintech companies, and financial services firms are finally beginning an earnest dialogue about open banking. The Senate Banking Committee recently touched on the issue at a Sept. 18 hearing – one of the first official discussions in the halls of Congress.

The Financial Data and Technology Association (FDATA), which played a pivotal role over the last five years in crafting the design and implementation of open banking standards in the United Kingdom and in Europe, announced today the launch of a North American arm, FDATA North America.

It’s about as nerdy as it gets in fintech and digital banking. But the way you share your bank information with popular fintech apps is evolving – and it marks one of the most significant changes in how you manage your money digitally.