To End Fight With Data-Hungry Finance Apps, Banks Turn to Tokens

Image Source: Google Images

Image Source: Google Images

The biggest U.S. banks, alarmed by the growing use of data-hungry apps that help consumers track their finances, are offering a technological compromise.
Instead of allowing third-party aggregators such as Mint to directly access customer records, the banks would dole out information in protected data packets, using a process known as tokenization, people with knowledge of the matter said.

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