Compliance Accelerated is a podcast about the future of compliance and risk in banking and fintech. It is entirely generated by AI using Google's NotebookLM and edited by our team at Parcha.

You can now find all episodes of Compliance Accelerated on Spotify and Apple Podcasts.

In this episode of Compliance Accelerated, hosts Alison and Bob explore the newly enacted CFPB rule 1033, laying the groundwork for open banking in the U.S. They outline the rule's requirements, the financial institutions affected, and how to prepare for compliance. The discussion highlights significant changes in consumer financial data management, stressing the importance of data security, and compliance. They address industry responses, from fintech support to banking sector opposition and an ongoing legal challenge. The episode also portrays the transformative potential of AI in compliance and financial innovation, promoting the view that regulatory adherence can be a catalyst for growth and progress.