A consortium of FinTech companies have formed a new industry group to advocate for allowing consumers to share their financial data with chosen third parties. The Consumer Financial Data Rights group consists of many well-known names in the FinTech industry, including Affirm, Betterment, Digit, Envestnet-Yodlee, Kabbage, Personal Capital, Ripple and Varo Money, among others. Many of the member companies provide consumers with personal financial management or wealth management tools, and rely on their users sharing their bank data with the firms. Read more: www.americanbanker.com
