Fintechs’ Vulnerability Apparent in Capital One Data-Access Flap
American Banker, June 29, 2018–Mary Wisniewski (subscription)
It’s far from the first time a bank has been accused of preventing consumers from using fintech apps. But the news that a security update from Capital One has resulted in a major data aggregator being blocked from porting some bank data to other apps for more than a month marks a disturbing turn for financial innovation.
