Banks are in a better position than fintechs to adopt the Financial Data Exchange’s data sharing protocols, giving them an advantage in adopting open banking frameworks. On January 8, the Consumer Financial Protection Bureau appointed Financial Data Exchange (FDX) as the standard data sharing authority for Open Banking. FDX is an API-driven data sharing platform founded by (…).
post CFPB’s appointment of FDX is “good for banks, bad for fintechs” It first appeared Bank automation news.
