Biden’s Banking Order Backs Data Accessibility, But The Portability Debate Remains Unsettled

President Biden’s recent executive order concerning the accessibility and portability of consumer data may provide a tailwind for open banking here in the United States, Glenn Geil, senior vice president and head of payments Americas at Endava, told PYMNTS, noting that it gives lenders a chance to build walls and bridges around new services without having to cede further ground to FinTechs.