CFPB publishes data access principles

The Consumer Financial Protection Bureau (CFPB) has outlined principles for protecting consumers when they authorize third-party companies to access their financial data to provide certain financial products and services, which will be significant for a number of fintech-based developments in the auto leasing market. These principles are intended to help foster the development of innovative financial products and services, increase competition in financial markets, and empower consumers to take greater control of their financial lives.

CFPB publishes data access principles

Oct 31, 2017

The Consumer Financial Protection Bureau (CFPB) has outlined principles for protecting consumers when they authorize third-party companies to access their financial data to provide certain financial products and services, which will be significant for a number of fintech-based developments in the auto leasing market. These principles are intended to help foster the development of innovative financial products and services, increase competition in financial markets, and empower consumers to take greater control of their financial lives.

Fintech company offers enhanced fraud insight for industry

A fintech company's new platform could help finance providers to safeguard their investments with greater levels of insight into key individuals in companies that receive their funds. Neotas alerts investors to cases of fraud and false identity or even incidents of inappropriate or suspicious behaviour on the part of CEOs or entrepreneurs.

Fintech company offers enhanced fraud insight for industry

Nov 16, 2017

A fintech company's new platform could help finance providers to safeguard their investments with greater levels of insight into key individuals in companies that receive their funds. Neotas alerts investors to cases of fraud and false identity or even incidents of inappropriate or suspicious behaviour on the part of CEOs or entrepreneurs.

Start-ups offer ‘fintech supermarket’ to established players

Established finance providers are using a vast array of start-ups as a breeding ground of innovation to accelerate their own digitalisation developments through acquisition and partnerships, according to a new report. The report, 'Beyond Fintech: A pragmatic assessment of disruptive potential in financial services', argues that while fintechs have changed the basis of competition in financial services, they have yet to materially alter the competitive landscape.

Start-ups offer ‘fintech supermarket’ to established players

Nov 13, 2017

Established finance providers are using a vast array of start-ups as a breeding ground of innovation to accelerate their own digitalisation developments through acquisition and partnerships, according to a new report. The report, 'Beyond Fintech: A pragmatic assessment of disruptive potential in financial services', argues that while fintechs have changed the basis of competition in financial services, they have yet to materially alter the competitive landscape.

Swedbank launches open banking platform as PSD2 approaches

Swedbank has opened its doors to work with fintechs and developers by launching a new open banking platform. The platform will make the most of developments required under the revised EU Payment Services Directive (PSD2), which must be applied in national legislation from January 2018 and aims to encourage new players to enter the payment market.

Swedbank launches open banking platform as PSD2 approaches

Nov 09, 2017

Swedbank has opened its doors to work with fintechs and developers by launching a new open banking platform. The platform will make the most of developments required under the revised EU Payment Services Directive (PSD2), which must be applied in national legislation from January 2018 and aims to encourage new players to enter the payment market.