Section 1033 compliance
built for you
Akoya's end-to-end solution helps financial institutions achieve and maintain continuous compliance with U.S. data sharing regulations.
How Akoya can help
Akoya's end-to-end solution meets and maintains compliance for data providers with ever-evolving Open Banking technical standards (e.g., Financial Data Exchange - FDX) and CFPB Data Rights Regulations.
Integration options can be made to fit unique tech stacks with multiple authorization / data access patterns.
Akoya provides a rich library of branded capabilities used by data providers to meet their needs and compliance requirements.
We manage the operational and compliance tasks of supporting dozens of third-party data recipients based on data provider requirements and policies.
Our white-labeled, hosted solution is continuously updated as technical standards and regulations evolve.
1033 Compliance Solution
Data provider branded solutions
Ready to leverage solutions are white-labeled and used by data providers to establish the third-party developer interface.
All solutions:
- Developer interface for onboarding, reporting and ongoing management
- Admin console
- Hosted APIs and endpoints
- Documentation
- Sandbox test data
- Consumer consent management
End-to-end managed services
In addition to the technical lift, Akoya serves as the central access point for third-party security assessments, legal agreements, support, policy adherence, and record retention - all in close partnership with financial institutions.
All services:
- Comprehensive security and risk reviews
- Third-party onboarding and due diligence and contracting
- Third-party data access agreements
- Technical and customer support
- Compliance to technical standards, policies and regulations
- Dispute & resolution reports
Financial institutions trust Akoya
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"We recognize how important it is for our customers to be able to use the financial applications of their choice in a safe and secure manner. Akoya's capabilities help us meet the data sharing needs of our customers as well as data aggregators, data providers, and other third-parties, in line with evolving industry standards. This is good for our business, good for our customers, and good for the industry."
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"TD has embraced the Akoya Data Access Network as a key enabler of our customer-driven banking strategy in the US market. This has allowed us to provide our customers with a safe and secure way to share their data with participating third-parties of their choice."
Akoya's Compliance Series
Learn from industry experts at Akoya and Capgemini on how to bring your financial institution into Section 1033 compliance in the most efficient and cost-effective way possible in our Open Banking Compliance Series.
Stay ahead of compliance deadlines:
Prepare your organization for CFPB 1033 data rights open banking rulemaking by establishing a developer interface as required in the proposed rule. Act today and stay ahead of the compliance dates based on your organization's asset size or revenue as a data provider.
| Assets | Months until compliance |
| >$500B | 6 mos post rulemaking |
| $50B up to $500B | 12 mos post rulemaking |
| $850M up to $50B | 30 mos post rulemaking |
| <$850M | 48 mos post rulemaking |