Europe's Fintechs to Pay Banks for Customer Data
Fintech Yapily's CEO Stefano Vaccino predicts that by 2026, fintech platforms in Europe will pay banks for "premium" customer data.
This data includes email addresses and mortgage account details, marking a significant shift in the open banking landscape.
US banks are openly discussing charging open banking fintechs for access to their customers' data.
According to group CEO Ben Richmond, banks can also leverage AI-led compliance.
Key Trends
- 15% of euro funds are unprepared for margin calls.
- The traditional opaque financing playbook is being reused.
Author's summary: Fintechs will pay for premium customer data by 2026.
More News
- Platforms of Extremism: Why Australia Must Confront Digital Misogyny as a Security Threat - Australian Institute of International Affairs
- ‘Growth is good’: Judco Manufacturing to bring new jobs to Greene County
- New budget chair faces hard choices
- Norm Benning OK After Fiery Talladega Incident
- A confident far-right and a stagnant parliamentary left in the Netherlands - International Viewpoint - online socialist magazine
- Little Spoon Just Arrived at Target — and My Baby’s Gone Feral for the Mango Purée