Achieve Section 1033 Open Banking Compliance Effortlessly
Empower your financial institution with secure, compliant data-sharing solutions tailored for the new Section 1033 Open Banking regulations.
Understanding Section 1033
Navigate the New Open Banking Landscape
On October 19th, 2023, the CFPB announced proposed rulemaking under Section 1033 to accelerate Open Banking in the U.S. This initiative grants consumers greater control over their financial data while imposing new technical and procedural obligations on financial institutions.Challenges
Implementing Secure Data-Sharing Interfaces
Managing Complex Consumer Consent Processes
Adhering to Evolving Technical Standards
Ensuring Continuous Regulatory Compliance
Handling Third-Party Onboarding and Risk Assessments
Managed infrastructure
Scalable data sharing, zero overhead
Deliver industry-aligned data sharing solutions that excel in performance and user experience, captivating your customers and driving engagement with your brand.
Implement quickly & easily
Clear guidelines for teams of any size to validate API integration in 6-8 weeks.
Continuous compliance
Built to manage changing industry standard, keeping you up-to-date and focused on your core business.
Robust enterprise support
With our round-the-clock support and robust enterprise-grade security features, rest assured that your network and customer data are continuously protected.
Features
Deliver a winning
Open Data program
Metrics
Gain a clear understanding of your performance while meeting industry metric standards.
Data usage
Conversion
Latency
Uptime
Insights
Complex accounts
Offer secure sharing for business, joint and trust accounts, ensuring compliance with robust permission controls for diverse account types.
Consent management
Enable and manage data sharing consents through APIs, customisable UI components, consent dashboards and administrator portals.
Financial-grade authorization
Ensure secure, compliant customer data sharing with our certified FAPI 2.0-standard solution.
Product data sharing
Streamline product listing, sharing and management for secure data sharing.
Reporting requirements
Regulatory reporting requirement processes are built into Fiskil's platform.
"Partnering with Fiskil on our open data needs has been a game-changer for us in delivering and maintaining our data holder solution."
Fahad Liaqat at Pacific Blue
Executive Manager Operations and New Markets
Compliance Timeline
What is the Section 1033 Open Banking compliance timeline?
Prepare your organization now to meet the CFPB's Section 1033 data rights rulemaking timelines based on your asset size.
Ready to Simplify Your Path to Compliance?
Contact us today to learn how our Data Provider Solution can help your financial institution meet regulatory requirements efficiently and effectively.
