Fiserv and Akoya Meet Consumer Demand for Anytime, Anywhere Financial Information with New Data Sharing Agreement - Seite 2

AllData Connect, part of the AllData Aggregation product suite, allows consumers to provide consent to share their financial data with third-party applications without having to share their log-in credentials. In place of credentials, AllData Connect validates the consumer directly with their bank or credit union and issues a token that the third party uses to access and update consumer data via AllData Connect.

API-based data access solutions are allowing the financial services industry to move away from a structure in which unregulated entities store large amounts of financial data, including consumer credentials.

By enabling secure, direct access to tokenized consumer data, Fiserv and Akoya’s agreement will align both organizations with industry protocols related to data sharing standardization, including consumer transparency and control, while providing the next-gen financial experiences that consumers seek.

In a world moving faster than ever before, Fiserv continues to help clients deliver solutions in step with the way people live and work today. Learn more at fiserv.com.

Additional Resources

• Finicity and Fiserv Offer More Consumer Choice Through Secure Data Access
• Fiserv and MX Enable Secure Consumer Financial Data Access to Accelerate Future of Open Finance
• Blog – Improving Open Finance with Secure Data Access
• AllData Connect – fisv.co/AllDataConnect

About Akoya
Akoya is transforming the way consumer financial data is accessed and shared. Through a single integration to the Akoya, financial institutions can directly connect with data aggregators, fintechs, and other financial institutions to securely share consumer-permissioned financial data through APIs. Akoya manages these relationships and serves as an interoperable solution available to the entire financial services industry. We are an API-only network that offers security, transparency, and scale. Learn more at akoya.com.

About Fiserv
Fiserv, Inc. (NYSE: FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500 Index and one of Fortune World’s Most Admired Companies. Visit fiserv.com and follow on social media for more information and the latest company news.

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The Fiserv Stock at the time of publication of the news with a raise of +0,50 % to 111,4USD on Tradegate stock exchange (24. August 2023, 08:08 Uhr).