Blog posts

Open finance

How to build for growth and inclusion: The opportunity is clear. Open finance is more than regulation — it’s the foundation for modern financial services. 

Open finance without a mandate — A strategic business case: Open finance is no longer about “if” or “when” — it’s about “how fast.”

Open banking vs. open finance: What’s the real difference?: Understand the distinctions between open banking and open finance, and why this differentiation is crucial for financial institutions and fintechs.

Understanding the role of open finance platforms: Explore how open finance platforms empower consumers, drive innovation, and enhance security in financial services.

Akoya and FDX: Advancing secure open finance solutions: Learn how Akoya collaborates with the Financial Data Exchange (FDX) to promote secure, standardized data sharing in the open finance ecosystem.

A consumer's guide to open finance: Discover how open finance empowers individuals to manage and share their financial data securely and efficiently.

Rethinking data aggregation for a new era of open finance: Analyze the shift from traditional data aggregation methods to more secure, API-based approaches in open finance.

A better way for banks, fintechs, and customers to embrace open finance: Watch a discussion on the risks of screen scraping and how Akoya's Data Access Network provides a secure alternative. 

The rise of secure data sharing: APIs vs. screen scraping: As data sharing between financial institutions, third-party applications, and data aggregators becomes more prevalent, secure and efficient methods for data exchange are crucial. 

The role of purposeful friction in open finance: At Akoya, we believe that adding ‘purposeful friction’ to this data sharing experience can go a long way in giving consumers control, leading to increased trust in the financial services industry.

Open banking

Credit unions can compete, grow, and win member loyalty with open banking: Open banking gives credit unions of all sizes a powerful way to compete in this digitally-driven financial ecosystem, stay relevant, grow membership, and serve existing members better than ever before.

Streamlining third-party risk management for open banking: Managing third-party risk and security has emerged as one of the greatest challenges for fulfilling the regulatory requirements.

Consumer privacy is essential for open banking: Open banking benefits consumers by providing them tailored products and services, faster access to credit and financing, added control over their personal finances, and increased transparency into the use of their data.

Compliance

Reducing complexity in open banking compliance: With the issuance of the CFPB 1033 final rule in late October 2024, the countdown to Open Banking compliance has officially begun for financial institutions of all sizes.

How Akoya's managed services help ensure open banking compliance: Financial institutions have begun their efforts to comply with the Consumer Financial Protection Bureau’s Section 1033 final rule. For many, the largest barrier to compliance will be vetting and managing third-party data recipients.

Final 1033 Rule: Challenges and opportunities for financial institutions: By focusing on consumer protection, data security, and collaboration, financial institutions can navigate the challenges of compliance while seizing opportunities to enhance their offerings and build stronger relationships with their customers.

Preparing for CFPB Section 1033 compliance: Is your financial institution ready?: As regulatory pressures mount, financial institutions are facing one of their most critical challenges yet: CFPB Section 1033 compliance. 

Simplify section 1033 compliance: Financial institutions like banks and credit unions are facing mounting pressure and scrutiny as the Consumer Financial Protection Bureau’s Section 1033 ruling looms.

 

Webinars

Open finance

Understanding the role of open finance platforms — Making the right choice for your financial insitution: Open finance is rapidly evolving and with it comes opportunities and challenges. With the multiple approaches organizations can take to participate, as well as the recent changes in the industry, there is a need for clarity.

Open banking

Open banking — Transforming member experience for credit unions: A panel of industry experts discusses how the banking activity data available through open banking can be used to improve member care.

Privacy in open banking: Explore privacy considerations and best practices in the context of open banking and finance.

Compliance

1033 compliance is a complex issue that demands a multi-faceted solution: This on-demand webinar will offer critical insights on how to align risk, compliance, legal, product, and operations teams to meet ongoing compliance requirements.

It's time to act. Prioritize 1033 compliance for your customers: The clock is ticking for financial institutions to become 1033 compliant. This on-demand webinar will guide you through the critical steps to implement 1033 compliance quickly and effectively. 

1033 compliance is a significant, ongoing expense. Don't underestimate it.: Understand the challenges and complexities of complying with CFPB Section 1033. In this on-demand webinar, we'll cover key lessons from Open Banking initiatives from across the globe.

Section 1033 compliance for financial institutions: As we move towards a more connected financial ecosystem, understanding the ins and outs of compliance is crucial. That's why Akoya and our partners at Capgemini are excited to announce our Open Banking Compliance Series.

 

Calculators & Tools

Open finance readiness assessment: Quickly see where your organization stands in terms of open finance preparedness.

Open finance readiness worksheet: Akoya's comprehensive readiness guide includes all the critical action steps a financial institution must take in order to achieve compliance.

 

Solutions

Open finance solutions: Discover how Akoya's Open Finance Solution enables secure, API-based data sharing that empowers consumers and supports financial innovation.

Akoya for financial institutions: Learn how Akoya assists financial institutions in modernizing data access with secure, API-first platforms.

How Akoya powers secure data sharing: Discover how Akoya replaces screen scraping with secure, API-based data sharing that puts users in control and supports safe fintech connectivity at scale.