Enable secure consumer financial data sharing

Consumer-permissioned data sharing is an API-based method that lets consumers authorize specific account data to be shared with a third-party app of their choice, without sharing their login credentials. The financial institution stays in control of the authentication, and consumers can review or revoke that access at any time.

Akoya is a one-to-many network. A financial institution connects once, and through that single connection Akoya handles the technical, security, and contractual relationship with each data recipient on the institution's behalf.

Akoya uses a passthrough model: it does not copy, store, or hold any consumer financial data or login credentials. Data flows directly from the financial institution to the authorized third party once the consumer grants permission.

FDX is the industry standard for consumer-permissioned data sharing in North America. Building on FDX means institutions are not locked into a proprietary integration, fintechs and aggregators can connect without custom builds, and data sharing infrastructure stays aligned with where regulation is heading.

Customers are redirected to their financial institution's branded sign-in page, authenticate with their existing credentials, see exactly what data the app is requesting, and grant explicit permission. They can view and revoke individual app permissions at any time through the institution's own digital experience.

Every data recipient must meet mandatory security controls before joining. Akoya conducts security and risk reviews, manages data access agreements, and performs ongoing diligence. Institutions inherit that continuously vetted network without having to run the process themselves.

Bilateral agreements require negotiating, building, and maintaining a separate integration and contract for every fintech a bank's customers might use. That model doesn't scale and puts the operational burden squarely on the institution's team. Akoya replaces it with a single integration and a single set of managed agreements covering thousands of vetted participants.

Yes. The same network connection lets institutions act as a data recipient, accessing consumer-permissioned data from other financial institutions. That supports use cases like account opening, lending and credit enhancement, personal financial management, payment enablement, and wealth management.

Akoya supports the core categories of consumer financial data: balances, transactions, accounts and investments, customer information, payments, and statements. Each is built on FDX-aligned APIs, only accessible with explicit consumer permission, and available based on what the institution exposes. Full details are on the API products page.

This is one of the core reasons institutions choose a managed solution over building in-house. Akoya continuously updates the platform as FDX technical standards evolve and as CFPB regulations develop, so your institution stays compliant without having to track, interpret, and implement changes internally. This includes updates to API specifications, performance requirements, policy and procedure templates, and security review methodologies. Your team gets the benefit of an expert team monitoring the regulatory landscape full-time, without carrying that burden yourself.