Larusso

Akoya Calls for CFPB to Give Consumers More Protection by Eliminating Screen Scraping and Narrowing Secondary Uses of Data

Retrieved on: 
Tuesday, January 16, 2024
Banking, Software, Networks, Professional Services, Fintech, Data Management, Apps, Applications, Technology, White House, Federal Government, Security, Online Privacy, Finance, Public Policy, Government, Comment, Organization, API, OAuth, Privacy, CFPB, Larusso, NPRM

Akoya has recommended that the CFPB open banking rule ban screen scraping, narrow the scope of secondary uses of consumer financial data, and require data aggregators and service providers to adhere to qualified industry standards.

Key Points: 
  • Akoya has recommended that the CFPB open banking rule ban screen scraping, narrow the scope of secondary uses of consumer financial data, and require data aggregators and service providers to adhere to qualified industry standards.
  • Consumer control and privacy: The CFPB should boost consumer control by refining the necessary content for consumer authorization disclosures, strengthening revocation requirements, and permitting only narrowly circumscribed secondary data uses.
  • Akoya’s data access network serves organizations within the financial services industry including fintechs, data aggregators, small and large banks, and credit unions.
  • Through a single integration to the Akoya Data Access Network, data aggregators and fintechs can directly connect with financial institutions to securely obtain consumer-permissioned financial data through APIs.

Akoya and Envestnet® | Yodlee® Take Milestone Step to Enhance API-Powered Consumer-Driven Sharing of Financial Data

Retrieved on: 
Wednesday, September 20, 2023
Professional Services, Data Management, Technology, Software, Finance, Networks, Fintech, OAuth, Organization, API, Larusso, Ecosystem, Partnership, Multimedia, Fidelity, Mobile phone, Bank, Cultured pearl, Cryptocurrency, Akoya

View the full release here: https://www.businesswire.com/news/home/20230920898561/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230920898561/en/
    Akoya provides a secure and reliable network-based option for sharing consumer financial data.
  • Akoya exclusively uses OAuth API connections to access consumer consented data that does not rely on consumers sharing any login credentials with third parties outside of their bank or financial institution.
  • Akoya’s data access network serves organizations within the financial services industry, including fintechs, data aggregators, small and large banks, and credit unions.
  • “Akoya is focused on giving all consumers secure access to their financial data.

Akoya Appoints Paul LaRusso as CEO

Retrieved on: 
Friday, January 6, 2023
Banking, Professional Services, Finance, Business administration, Vserv Digital Services, Bucknell University, United Community Bank, Verizon Communications, Chase, Knowledge, API, Multimedia, MBA, Growth, JPMorgan Chase, FDX, Small business, Consumer, Larusso, Maintenance, Master of Business Administration, Georgetown University, Negotiation, Management, Cryptocurrency, Sprint, Akoya

View the full release here: https://www.businesswire.com/news/home/20230106005039/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230106005039/en/
    “On behalf of the board, I am thrilled to have Paul join as the CEO of Akoya,” said Dave Fortney, Chairman of the Board at Akoya.
  • “I’m honored and excited to lead Akoya, a company that is playing a critical role in the open finance industry,” said LaRusso.
  • LaRusso is also the Board Co-Chair of Financial Data Exchange (FDX) and has served on the board of directors of Akoya.
  • I feel confident that the business is in great hands with Paul LaRusso, and I look forward to following its success.”
    The Akoya Data Access Network is simplifying data access for open finance.