Open Banking

Featured image for Open Banking implementation: How to chart the right course

Open Banking implementation: How to chart the right course

  The Open Banking landscape in North America is primed to take a large step forward in early 2023 in response to anticipated national financial regulations in Canada. Additionally, in October 2022, the US Consumer Financial Protection Bureau (CFPB) announced its intent to introduce similar measures aimed at ensuring personal financial data rights for Americans....
Read More
Featured image for Symcor launches Open Banking suite of services, supported by Cloudentity

Symcor launches Open Banking suite of services, supported by Cloudentity

Cloudentity is excited to announce its involvement with Symcor, a leading Canadian business solutions provider that enables secure data exchanges. Symcor has launched COR.CONNECT, a new suite of Open Banking services which enables Canadian financial institutions, credit unions, aggregators and fintechs to exchange data safely and efficiently. Cloudentity provides an extremely flexible and scalable authorization...
Read More
Featured image for Data privacy in Open Banking

Data privacy in Open Banking

Data privacy and consent are the quintessential components of customer experience when engaging with a business and yet consumer Personally Identifiable Information (PII) is rarely treated in accordance with established privacy regulations. Consumer data is critical to businesses for understanding how consumers behave, identifying the ways the business can improve and for offering new services...
Read More
Featured image for See you at Open Banking World Congress 2022

See you at Open Banking World Congress 2022

Adoption of Open Banking standards and practices has seen worldwide growth over the last year, with implementation of Open Banking Brazil regulations a key example. Cloudentity is powering authorization and consent for 40% of Brazilian banks that are Open Banking certified in the country, and we're active in the UK, EU, Australian and APAC regions...
Read More
Featured image for eCBSV: new consent-based SSN verification service

eCBSV: new consent-based SSN verification service

Following worldwide trends of governments providing new and better identity and privacy services to consumers and banks, the Social Security Administration (SSA) is implementing a new fee-based Social Security number (SSN) verification service known as Electronic Consent Based Social Security Number Verification (eCBSV). This service follows worldwide privacy directives aligned with Open Banking, requiring data...
Read More