MoneyKit

It's finally here! The Consumer Financial Protection Bureau has introduced their Final Rule on Personal Financial Data Rights (Part 1033) that enhances consumer control, privacy, and security over their financial data. This rule: ?? Enables consumers to freely transfer financial data between institutions ?? Simplifies the process of switching to providers with better rates or services ?? Fosters increased competition within the financial services industry The rule also sets important guidelines for data aggregators. We must: ? Follow strict authorization and data security procedures when accessing consumer data, ensuring consumer consent is clear and informed ? Limit data collection to only what's necessary for the service requested, and apply robust security standards under the Gramm-Leach-Bliley Act (GLBA) ? Enable immediate data revocation at any time We're prepared to handle all of this at MoneyKit and ensure our partners and customers remain compliant throughout the transition period. ?? ?? #OpenBanking #DataAggregation #CFPB

Do you like sun and fresh air? Will you be attending Money20/20 in Las Vegas, October 27-30? The MoneyKit team will be posted up at our cabana on the pool deck of the Palazzo and we'd love to see you there! DM for details ??????

?? Are you holding off on optimizing your data aggregation until the CFPB finalizes rule 1033? Enter MoneyKit. Why? ? Preserve Optionality: MoneyKit keeps your options open, enabling you to add or remove data aggregators seamlessely. ? Fastest Access to Compliant APIs: Already built to FDX spec, ensure smoother transitions as new rules come into play. ? Future-Proof Your Aggregation Stack: Add the solution designed for tomorrow's data challenges. Don't wait—start building your compliant, flexible aggregation strategy today ?? #Fintech #Finance #DataAggregation #CFPB #1033 #Innovation

Missed FinovateFall this year? Check out my recap with Glen Sarvady on the BIGCast podcast ? https://lnkd.in/ewHR7DD4 This episode features interviews with three conference standouts including MoneyKit, Further, and Telesign. Our segment begins at 3:40 ?? ??

If you missed #FinovateFall last week be sure to check out this great recap from APIMatic.io ??????Thanks again to the Finovate team for showcasing MoneyKit!

?I'm thrilled to share that MoneyKit made it into the FIS Fintech Accelerator!? We're in phenomenal company with Spade, Finli, Kipp - Authorize More and others! Thank you to Tatyana Kratunova and team for having us! ??????

Had an amazing time demoing the MoneyKit platform at #FinovateFall! What an opportunity to showcase how our super-aggregator is transforming the data landscape. Thanks to the Finovate team and everyone who stopped by to learn more! #fintech #dataaggregation #openbanking

Catch yours truly on Monday, September 9th at #FinovateFall demoing MoneyKit's super-aggregation flow! ???? ?? ??

Seeing the MoneyKit billboard light up Times Square is more than just a milestone—it's a powerful reminder of what relentless innovation, grit, and teamwork can achieve. Next to Rihanna's Fenty Beauty no less! Thank you to Brex and Erica Wenger ??? for making this possible! #Innovation #Fintech

5 ways MoneyKit helps your app bypass the hidden challenges and complexities of #superaggregation: ?? Multiple API Integrations: MoneyKit manages the variance across aggregator APIs, flows, errors, schemas and data coverage over time. ?? Data Standardization: Consumer data is notoriously inconsistent across institutions and aggregators. MoneyKit developed a sophisticated standardization model to ensure clean, consistent, enriched data. ?? Connection Stability: Financial institutions often change their login flows, breaking screen scrapers in the process. MoneyKit has robust error handling and recovery to ensure your connection is up and running again as quickly as possible. ?? Rate Limits: MoneyKit navigates rate limits across multiple aggregators in real-time to maximize responsiveness and success rate. ?? Compliance: Consumer permissioned financial data requires adhering to strict data privacy, security and consent protocols. MoneyKit ensures your app meets industry standards. Thinking of building a multi-aggregator solution in house? Consider the opportunity cost. The time and resources you’ll spend could be better invested in your core product. MoneyKit empowers you to concentrate on what you do best, speed up time to market, reduce development costs, and ensure a seamless UX. ?? ???