Navigating Section 1033 & open banking: A new solution for data providers

The U.S. open banking rule, known as Section 1033, is expected to be released later this year and will promote strong security and privacy standards throughout the financial ecosystem. Plaid's open finance solution, which includes Core Exchange, Permissions Manager, and App Directory, helps data providers prepare for new compliance obligations and a future of open finance. The company aims to simplify compliance for data providers while meeting consumers' expectations around digital experiences and data connectivity.