Data sharing

The nonbinding guidance, which followed a nearly yearlong inquiry about industry practices, said consumers should have greater ability to obtain information about their financial data, among other principles.

The Consumer Financial Data Rights group, representing aggregators and fintechs, says banks still aren’t forking over enough customer data. The group is meeting with bank regulators and trying to get consumers to petition regulators on its behalf.

Quantitative investors, starved for trading signals that can be spun into gold, are pressuring the finance firms they work with to grant them access to proprietary information.

The selling of anonymized customer data may be legal, but it raises ethical questions about the use and protection of that information.

The Spanish bank is opening its APIs to outside developers as Bank of America tests a new data-sharing model with aggregators.

Through the bank’s new API, small-business customers can feed their bank data into Xero’s cloud accounting technology.

Access to banking information ensures advisors can perform holistic planning, fintech firms say.

The battle over screen scraping seems to be subsiding into a series of agreements between banks and fintechs using open APIs.

The bank and cloud accounting platform will offer services to mutual customers via API.

By partnering with Intuit, Wells Fargo is continuing its journey toward API-based data sharing, and away from screen scraping.