PNC LAUNCHES AKOYA SOLUTION TO INCREASE THE SECURITY OF CONNECTIONS FOR CONSUMERS TO SAFELY TRANSACT WITH FINANCIAL APPS
PNC Bank and Akoya LLC today announced the bank’s integration with the Akoya Data Access Network. More than nine million PNC customers are now enabled to securely share their financial data with fintechs and data aggregators with enhanced security through the application programming interface (API)-based network.
“PNC takes very seriously our responsibility to protect the financial and account information that our customers entrust to us,” said PNC Chairman, President and CEO William S. Demchak. “Many customers assume it is safe to provide their sensitive information to the financial app of their choice. However, we know this information has been used for unauthorized access to customer accounts. That is why we have been taking interim steps to provide accessibility and security – and with today’s announcement, we are providing a permanent solution for striking the right balance between customer choice and data protection.”