Data integration

Radius Bank is letting consumers open accounts through NerdWallet as part of its banking-as-a-service offerings to reach customers through third parties.

Banks like RBC and JPMorgan Chase can now more easily draw real-time FactSet data feeds into applications.

Hint: For their e-commerce clients, it's all about faster payments.

Don Cardinal of FDX and Olivier Helleboid of Intuit explain the FDX and OFX standards, how they're turning them into one standard and what that standard will be able to do for banks.

OFX is used by 7,000 banks while FDX is used by 2 million consumers. The two standards are converging.

The former head of the Small Business Administration and current Harvard professor says data sharing can be transformational for banks.

The investment firm is launching a company called Akoya that it says will help ease the technical aspects of data sharing, as well as disputes and liability issues, for banks, fintechs and data aggregators.

The data aggregator plans to help U.S. fintechs expand into the U.K. and vice versa.

Both sides acknowledge where expectations haven't been met, and are feeling the same market pressures to adapt faster.

Both sides acknowledge where expectations haven't been met, and are feeling the same market pressures to adapt faster.

Wells Fargo, Bank of America, Citigroup and other banks have joined forces with fintechs and data aggregators to create the Financial Data Exchange, which aims to resolve the fight over sharing customer information.

Trellance has acquired IronSafe, which provides data analytics to more than 2,300 credit unions.

With the purchase of Finivation, the CUSO hopes to deliver better data integration to the credit union industry.

EU banks will soon start sharing customer account data with all third parties their customers approve. Very few U.S. banks have latched on to this concept. Here’s why.