{"id":983,"date":"2025-11-11T15:38:47","date_gmt":"2025-11-11T15:38:47","guid":{"rendered":"https:\/\/www.invela.com\/?p=865"},"modified":"2026-01-21T18:40:11","modified_gmt":"2026-01-21T18:40:11","slug":"the-way-forward-on-open-banking","status":"publish","type":"post","link":"https:\/\/www.invela.com\/?p=983","title":{"rendered":"The Way Forward on Open Banking"},"content":{"rendered":"\n<p>While regulatory momentum around Section 1033 has stalled, Steve Smith argues that industry and prudential regulators must stop waiting and start building. <\/p>\n\n\n\n<p>In this incisive piece, he calls for common standards for risk and information security, urges regulators to revisit Trump-era OCC guidance, and challenges the ecosystem to take a \u201cnarrow but deep\u201d view of third-party risk management.&nbsp;<\/p>\n\n\n\n<p><em>Why read it?<\/em>\u00a0<br>Because open banking\u2019s future won\u2019t be decided by the CFPB alone &#8211; and this article shows where real progress can begin.\u00a0<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/openbanker.beehiiv.com\/p\/wayforward\">You can read the full piece on Open Banker&nbsp;<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.invela.com\/?page_id=27\">Let&#8217;s Talk<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>While regulatory momentum around Section 1033 has stalled, Steve Smith argues that industry and prudential regulators must stop waiting and start building. In this incisive piece, he calls for common standards for risk and information security, urges regulators to revisit Trump-era OCC guidance, and challenges the ecosystem to take a \u201cnarrow but deep\u201d view of [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":1000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[13,14,19,21,26,27,22,15],"class_list":["post-983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cfpb-1033-rule","tag-open-banking","tag-open-finance","tag-open-finance-risk-management","tag-risk-management","tag-third-party-risk","tag-third-party-risk-management","tag-tprm"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Way Forward on Open Banking - Invela<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.invela.com\/?p=983\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Way Forward on Open Banking - Invela\" \/>\n<meta property=\"og:description\" content=\"While regulatory momentum around Section 1033 has stalled, Steve Smith argues that industry and prudential regulators must stop waiting and start building. 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