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The Regulation Pendulum Shouldn’t Deter Banks from Open Banking: A Path to Gaining Share from Larger Rivals

The Regulation Pendulum Shouldn’t Deter Banks from Open Banking: A Path to Gaining Share from Larger Rivals

By Primax The Consumer Financial Protection Bureau’s Section 1033 final rule, Personal Financial Data Rights, brings with it complex facets: what compliance entails and its broader implications; the Bank Policy Institute lawsuit in U.S. District Court in Kentucky, which challenges aspects of the rule; and a change in administration raises questions about the ruling’s longevity. For some, skepticism lingers over whether Personal Financial Data Rights will endure or be overturned.  Financial institutions — regardless of their size or consumer base — face no shortage of priorities demanding...

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Primax Payments Pulse

Primax Payments Pulse Study 2024

Primax Payments Pulse Study 2024

The 2024 Primax Payments Pulse study explores what factors influence consumer behavior when it comes to the choice and usage of traditional and emerging...