As banking customers’ expectations for digital experiences rise and fintech competition grows, the cloud has become essential to staying relevant. But in the rush to modernize, many banks are overlooking a growing risk: cloud concentration, write Vikrant Rai and Graham Tasman. Adobe Stock Banking’s relationship with cloud computing has shifted dramatically. What started as cautious
Anyone who has attempted to import multiple sets of data into a spreadsheet knows how important it is for shared datasets to have common formatting standards. What’s true for Microsoft Excel is even more true for bank account information. The Consumer Financial Protection Bureau had finalized an open banking rule that would mandate the sharing
More women in rural areas are able to conduct online banking transactions, with a new survey by the statistics ministry showing that the proportion of females that could perform them surged to 30.0 per cent in the first quarter of 2025, sharply higher than 17.1 per cent in 2022-23. According to the results of the
The concept of open banking, or financial data sharing between banks and fintechs, comes with a number of security concerns. What if an application programming interface — a tunnel through which data passes from one application to another — is compromised? What if data stored at a fintech or data aggregator gets hacked? The Consumer
NOT everyone begins life on equal footing. Some are born into comfort and opportunity, while others face the harsh realities of conflict, poverty or exclusion. Inequality is a challenge that shapes the futures of many, especially in developing nations. While economic growth surges forward in the Asean region, there remains a pressing matter—how can progress
On May 23, the CFPB notified a Kentucky federal court that it now considers its own 2023 open banking rule “unlawful” and plans to set the rule aside. The Bureau announced its intent to seek summary judgement against the rule, which was issued under Section 1033 of the Dodd-Frank Act to promote consumer-authorized data sharing with third
Friday, 30 May 2025, 8:15 amPress Release: Payments NZ Open banking in Aotearoa New Zealand is taking a major leap forward, with the four largest banks, ANZ, ASB, BNZ and Westpac NZ, implementing another key industry standard that enables payments service providers and fintechs to offer new, more flexible payment options to their customers. Version
The CFPB is planning to repeal its Section 1033 Open Banking Rule, according to a filing in a federal lawsuit challenging the rule. On the same day the Final Rule was issued, the Banking Policy Institute (BPI) and Kentucky Bankers Association filed a lawsuit in the U.S. District Court for the Eastern District of Kentucky
For 39 years, the Bank of America maintained a massive call center with up to 3,000 employees on Valencia Avenue in Brea. But in July 2022, it shut the doors of the center for good. Since then, the three-story, 637,503-square-foot building has sat empty, along with the on-site parking lot plus an additional one on
As my 50th birthday approaches (next year!), I’m trying to be as positive as I can about how my skin is changing. As an advocate of positive aging and as a Gen X beauty editor who doesn’t have injectables, I hope I can inspire other women to embrace the changes that come with aging with