TURNKEY OPEN FINANCE SOLUTION

The accessible data can vary based on user permissions. In accordance with current regulations, you can access information regarding bank accounts, transactions, credit history, investments, and insurance. However, it's worth noting that Open Finance extends beyond data sharing, it can also enable payment initiation.

The Open Finance ecosystem uses certificate chains and mTLS protocol to ensure the confidentiality, authenticity, and integrity of the information exchanged between participating institutions. This ensures that only authorized individuals have access to this information.

The CFPB was created to provide a single point of accountability for enforcing federal consumer financial laws and protecting consumers in the financial marketplace. Before, that responsibility was divided among several agencies. Today, it’s our primary focus.  https://www.consumerfinance.gov/about-us/the-bureau/

FDX is a nonprofit organization in the US and Canada dedicated to establishing a common and secure standard, the FDX API, for accessing consumer and business financial data. It includes a diverse board of directors and a global membership of financial institutions, data aggregators, fintechs, and others focused on user-permissioned financial data sharing. https://financialdataexchange.org/