Data sharing

Open banking transactions are not initiated by a consumer but are coming from another financial services company. This could make some fraud detection models in place today obsolete.

Financial regulators’ statement cautiously encouraging lenders to go beyond traditional underwriting in their lending decisions is a big step forward for the use of alternative data and artificial intelligence, bankers say.

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

Citizens Bank's Bruce Van Saun is our Banker of the Year; shake-up continues at Wells Fargo with poaching of Santander's CEO; the Navy commander behind the credit union banks love to hate; and more from this week's most-read stories.

The largest U.S. bank will share data through application programming interfaces with a sometimes-controversial data aggregator.

The Clearing House is pushing contract terms that would give fintechs quicker access to consumers' financial information, but one large upstart has taken issue with the proposal's language.

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

The financial services industry has struggled with how best to explain privacy and data-sharing practices to customers. Mastercard is offering a new framework.

Unlocking the information that technology companies have on consumers would benefit banks and society overall, the chairman of the Spanish banking giant said.

The deal between one of the largest U.S. banks and a dominant data aggregator is designed to give customers more control over their data.

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

Though the use of alternative data in lending is seen by some as untested, several fintechs say they couldn't function without it.

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.

Policymakers should consider how new data computing can help ensure equal lending, not hinder it.

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.

In the past few years, APIs have become a surprisingly hot topic, considered by many as a golden key to open banking and innovation.

The company offers an operating system for financial applications akin to Apple's iOS, and more than 1,000 applications run on it.