Truework

Plaid, fintech coalition establish 63 security requirements for open banking 

Financial-technology startup Plaid, alongside a coalition of fintechs and security compliance companies, announced Tuesday a proposed framework for fintechs to better protect consumer financial information from rising security risks. The framework – coined as the Open Finance Data Security Standard (OFDSS) – is a worked document that establishes 63 individual security requirements across 12 control domains the […]