Your Financial Data Should Be Free for You; Expensive for Others

Putting consumers back in control of their financial data

In FinTech, as in many other areas of technology, there has been a focus on making legacy products more mobile, more transparent and less expensive. In fact, financial services providers should go even further on each of these aims, given the relatively low bar.

Traditionally – and still to a greater degree than we’d like today – financial data has been an asset held in the hands of big financial institutions and providers who limit availability and charge individual consumers a hefty price in order to access it. For instance, the three big credit bureaus have long held consumer credit d ...

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