How Secure is Open Banking, Really?
Open banking as we know it today has only been around since the mid 2010s, and although it has become the norm in Europe because of legislation like the General Data Protection Regulation (GDPR) [...]
Security Best Practices for Financial Apps
As of June 2022, more Americans are living paycheck-to-paycheck than ever before, according to recently published research – meaning that they spend all of the current month’s income before [...]
Open Banking over iFrames: An Introduction
In 2022, most people have heard of apps that interact with financial institutions in order to provide a specific financial service to users. One well-known and long-existing example of an app [...]
A Look toward the Future: Financial Data and Portability – White Paper Download
Data portability is the ability to move digital data from one database to another. It’s the idea that the personal data companies are gathering online should be accessible by the data subject in [...]
Portability Part 5: Making Your App Portable
Starting in the 1980s and 1990s, if you were lucky enough to be able to afford a desktop computer, it vastly improved your access to information and increased capabilities that you never would [...]
Portability Part 3: Compliance and Security
After years of ongoing concerns over security, recently the China-owned social media app TikTok has begun to migrate its U.S. users’ data to U.S.-owned servers in a move to keep personal data [...]
Portability Part 1: An Introduction
If you were to do a Google search for “data portability” today, you would get over 64 million results to choose from. Although that’s not a huge number compared to other searches you may conduct [...]
The Future is Portable
In the past five years, the industry of financial technology has made significant progress, especially in the area of financial data access and sharing. Instead of being oblivious, most consumers [...]
Consumers and Data Ownership – Who’s in Charge?
Whether or not you realize it, for a long time a lot of people have had access to information about your buying patterns and behaviors. In fact, it’s quite common practice for third-party sources [...]
Data Security in a Digitalized World
In 2013, public record aggregating company Court Ventures (now a subsidiary of Experian) faced a serious problem: someone had breached their cyber security measures, accessing over 200 million [...]