TD Bank joins Akoya's network for API integration

Tuesday 14 September 2021 11:51 CET | News

US-based Akoya has announced that TD Bank has joined the Akoya Data Access Network for API-based access.

TD Bank’s integration with Akoya eliminates the need for TD Bank customers to share their banking information, specifically a login and password, with third parties who are connected to Akoya. This arrangement enables Akoya to provide a single point of integration for data aggregators and fintechs to securely access consumer financial data from TD Bank.

Data passed through the Akoya Data Access Network is not copied or stored and is provided in a standard output based on the Financial Data Exchange’s API standard. TD Bank will begin providing data through Akoya as early as October 2021.

Akoya was launched to eliminate the risks associated with credential-based data aggregation, commonly known as screen scraping. TD Bank invested in Akoya in February 2020.

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Keywords: partnership, API, Open Banking, financial data
Categories: Banking & Fintech | Online & Mobile Banking
Countries: United States
This article is part of category

Banking & Fintech