Webinar

The Future of Banking: Strategies for eliminating screen scraping ahead of the upcoming CFPB regulation

Feb. 28, 2023 11:00am EST, 8:00am PT

The Future of Banking: Strategies for eliminating screen scraping ahead of the upcoming CFPB regulation

Watch On-Demand

Join us for a fireside chat with Don Cardinal, Managing Director, Financial Data Exchange (FDX) and Mr. Open Banking, Eyal Sivan, Head of Open Banking Axway to discuss why screen scraping is unsecure and unreliable and what you need to do to combat this risk.In the US, it's estimated that one third of financial institution customers share data with third parties.* In the context of rising interest rates, cost sensitivity, an increasingly competitive marketplace, and ever-demanding customers, banks and credit unions are trying to capture the embedded finance wave. The defacto method of sharing data with the ecosystem has been for customers to give their login credentials to third parties who in turn access customer data via screen scraping. This method is unsecure and unreliable.

In this Future of Banking Talk we will discuss the options available.

You will learn:

  • What the recent CFPB announcement means for eliminating screen scraping.
  • How to maintain better-quality connections with a common security stack, common taxonomy, and common data definitions with the FDX standard API.
  • How to shorten the onboarding process for fintech partners.
Speakers:
Don Cardinal, Managing Director, Financial Data Exchange (FDX)
Eyal Sivan, Head of Open Banking Axway AKA Mr. Open Banking