Financial Industry to Give Consumers More Control Over Their Data

“To give consumers more control over their data, FMR LLC, the parent company of Fidelity Investments, today announced the spin-off of Akoya ℠ as an independent company that will be jointly owned by Fidelity, The Clearing House Payments Co. and 11 of its member banks. Akoya operates a secure application programming interface-based (API) network that creates a safer and more transparent way for consumers to grant access to their personal financial data to third-party financial apps. The network acts as a bridge between financial institutions and data recipients, such as fintechs/data aggregators, and is available to the entire financial services industry.”

Financial Industry to Give Consumers More Control Over Their Data
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