This alliance will enable more than nine million PNC consumers to share their financial data with fintechs and data aggregators with amplified security, courtesy the API-based network.
The API-based system is anticipated to improve the data security for customers who want to use third-party financial apps. Through the integration, customers will no longer need to share their respective banking login ID or password in order to access the third-party financial services. PNC customers will also be able to oversee and restrict data access to the fintechs and data aggregators connected via the Akoya Data Access Network.
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