PNC Bank Launches Akoya Integration for PINACLE Connect® to Provide More Secure, Transparent Data Access for Corporate Clients
"By expanding our relationship with Akoya, we are advancing our commitment to secure, transparent, and controlled financial data sharing for the benefit of our corporate clients," said
Through Akoya, PNC's corporate clients can authorize the sharing of their financial data directly within PNC's corporate online banking platform, PINACLE®, by using their existing PINACLE credentials and entitlements. Clients can also monitor activity and revoke access to their financial data, if needed, which further safeguards their businesses.
"Our expanded relationship with PNC gives the bank's corporate clients the same secure and reliable data-sharing solutions that its' consumer clients enjoy," said
Akoya's platform is designed to transition financial services to API-based data access, thereby improving data-sharing reliability and reducing cybersecurity risks. Akoya does not copy or store any data, ensuring maximum privacy and security for users. The API utilized is based on the Financial Data Exchange (FDX) API standard which was recently expanded to include corporate data, and is widely recognized for its security and efficiency.
"PNC was a founding member of FDX and has co-chaired our
Through its relationship with Akoya and participation in other financial services industry initiatives,
About Akoya
Akoya is revolutionizing the way financial data is accessed and shared. Through a single integration into the Akoya Data Access Network, data aggregators and fintechs can securely connect with financial institutions to obtain consumer-permissioned financial data through APIs. Akoya manages these relationships and offers an interoperable solution available to the entire financial services industry. For more information, visit www.akoya.com or follow Akoya on LinkedIn.
About Financial Data Exchange
The Financial Data Exchange (FDX) is a nonprofit organization that is dedicated to unifying the financial industry around a common, interoperable and royalty-free standard for the secure access of user permissioned financial data, aptly named the FDX API. FDX has an international membership that includes financial institutions, financial data aggregators, fintechs, payment networks, consumer groups, financial industry groups and utilities and other permissioned parties in the user permissioned financial data ecosystem. For information, visit www.financialdataexchange.org.
About
CONTACT:
(214) 871-1209
whitney.wilson@pnc.com
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