PNC Bank Launches Akoya Integration for PINACLE Connect® to Provide More Secure, Transparent Data Access for Corporate Clients

Core Insights - PNC Bank and Akoya have expanded their integration to enhance corporate data sharing through the Akoya data access network, allowing corporate clients to securely share financial data with third parties [1][2] - The integration aims to streamline operations for corporate clients, improving functions like reconciliation and cash forecasting [1] - Akoya's platform focuses on API-based data access, enhancing reliability and reducing cybersecurity risks, while ensuring maximum privacy by not storing any data [2] Company and Industry Overview - PNC Bank is a founding member of the Financial Data Exchange (FDX) and has been actively involved in initiatives to promote secure data-sharing networks for both consumer and corporate clients [3] - Akoya provides a single integration into its Data Access Network, allowing data aggregators and fintechs to securely connect with financial institutions for user-permissioned financial data [4] - The FDX is a nonprofit organization that aims to unify the financial industry around a common standard for secure access to user-permissioned financial data, known as the FDX API [5] - PNC Bank is one of the largest diversified financial services institutions in the U.S., offering a wide range of banking and financial services [6]