DCA Strategy Sprint: Open Banking Twelve DCA members white-boarded the business opportunities created by open banking. On Wednesday, a dozen DCA member executives worked together to brainstorm and document the business opportunities that will be created by the full implementation of open finance principles.  Like our November Strategy Sprint on tech disruption, the session was an opportunity to look into...

Twelve DCA members white-boarded the business opportunities created by open banking. On Wednesday, a dozen DCA member executives worked together to brainstorm and document the business opportunities that will be created by the full implementation of open finance principles.  Like our November Strategy Sprint on tech disruption, the session was an opportunity to look into the near-future and assess likely...

Imagining a future where we know each other again A senior executive just said to me, “We’re getting close to where everyone thought we’d be ten years ago.”  He was talking about data integration – being able to “see” customers in their data.  Open finance, APIs, fintechs, neobanks, consumer demand dovetailing with regulatory action – it’s all creating a new...

Last Thursday, 15 DCA executives did a “strategy sprint” to assess tech disruption. Here are a few observations. You may have taken our five-minute tech disruption survey.  We used it to lay the groundwork for a “strategy sprint” last Thursday.  Fifteen executives from a dozen DCA member companies worked together to assess which technologies represent opportunities and threats to today’s...

AI Helps FinTech Firms Reach More Borrowers  Fintech lenders including Pentadata Inc., OppFi Inc. and LoanSnap are helping traditionally underserved borrowers get loans. These companies feed a wider range of data and use AI to determine credit eligibility, giving more people access to the credit market. It has been crucial for these fintechs to be able to have access to...

Square’s High Growth Rate Decelerates Digital payments company Square experienced significant growth driven by the pandemic: The need to deposit and spend dollars by consumers receiving stimulus checks helped the consumer cash application grow to 40 million consumers. While still high, growth slowdowns have been reported now that the government programs have ended. DCA Insight: Watch for new trends to...

Loyalty Solution Thanks Again Partners with Pentadata  DCA member Pentadata announced it has partnered with Thanks Again. The agreement enables Thanks Again to enhance its offering, an account-linked program that lets members automatically earn rewards when they shop, park, or dine at retailers in and around airports in North America. DCA Insight: Increasingly those in the digital commerce ecosystem are...

Pentadata Announces Partnership with MX The first fully secured API-based financial data platform Pentadata Inc. announced it signed an open banking data agreement with MX, the financial data platform and leader in modern connectivity. The partnership enables consumers to securely access and transparently share their financial information. DCA Insight: MX and DCA member Pentadata have created a partnership based on...

FIS Integrates APIs with Pentadata In its third major announcement in as many weeks, DCA member company Pentadata Inc. announced it has signed a deal with DCA member FIS to integrate its APIs. Pentadata, which leads the industry with the first fully secured API-based financial data platform, has integrated its secure APIs with FIS, one of the largest payments processing technology companies in...