Operational issues involving Visa, such as tensions over customer data access and the need to recoup data safeguarding costs, are impacting the open banking strategy in Europe.
1 report, 1 independent
Updated Aug 22
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What happened
Operational issues involving Visa, such as tensions over customer data access and the need to recoup data safeguarding costs, are impacting the open banking strategy in Europe.
Who's involved
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The entities involved
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JPMorgan Chase
American multinational banking and financial services holding company
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Europe
terrestrial continent located in north-western Eurasia
Related events
- European financial markets are seeing stronger corporate results, while the ECB assesses regional bank competitiveness and the EU discusses deepening capital markets.
- Fiinu is undergoing operational restructuring while developing a flagship fintech product focused on European Open Banking architectures.
Coverage
Newest first; wire copies grouped- ReutersVisa closes US open-banking unit as data fight heats up, source says By Niket Nishant and Prakhar Srivastava (Reuters) -Payments processor Visa has shuttered its open-banking business in the United S