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Open banking and open finance in the EU: Navigating the crossroads

The Payments Association

Beyond the economic considerations, the complexity of managing and securing the free flow of financial data presents another significant hurdle. Regulators must establish a supportive environment with clear, consistent rules that promote competition while guaranteeing data security. This is not an unfounded fear.

Finance 88
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Fintech for Good: Scotland’s Push for Greater Financial Access

The Fintech Times

Meanwhile, Tracy revealed that through industry partnerships, data sharing and using research to understand financial exclusion, Smart Data Foundry is continuing in its mission to tackle poverty and inequality through financial inclusion.

FinTech 59
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How Fintech Apps Are Improving Financial Literacy Among Young People

Fintech Review

In recent years, fintech apps have become pivotal in shaping financial literacy among Millennials and Gen Z. These innovative platforms, often mobile-first and user-friendly, simplify complex financial topics. Traditional methods of financial education often failed to engage younger audiences effectively.

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How One Nevada Credit Union Secures Its Self-Service Innovations

PYMNTS

Digital banking provider Bankjoy and financial literacy education app Zogo are partnering to that end by shifting CU offerings to focus less on sales and more on financial education, which Generation Z customers tend to value more.

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The Future of Open Banking: How Compliance Impacts Innovation

Innovative Payments Association

Financial institutions and third-party service providers will need to stay ahead of regulatory requirements and ensure that they are following best practices for data security and privacy.

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Data Key To The Build-Or-Buy Question Of Enterprise Finance Apps

PYMNTS

Love noted that he sees APIs as a growing presence in corporate finance, as banks react to the demand among consumers and businesses to take control of their own data. “Staying up to date on standard security practices and encryption technology is a really important piece of the puzzle,” he said.

Finance 75
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North America Is Set To Be An ‘Early Adopter’ Of mPOS

PYMNTS

Thanks in part to new regulations and an increase in financial literacy, RBR projects that payment card acceptance will jump to 85 million outlets around the globe by 2022. Both chip cards and personal identification numbers (PIN) have helped allay data security concerns.