TD Bank U.S. and Akoya are working together to advance a more secure, transparent and consumer-controlled approach to financial data sharing at scale. The collaboration will strengthen client control and security while helping to build foundation for next generation of open finance and digital banking.
Through Akoya's Open Finance Solution (OFS), more data aggregators and third-party providers will be able to connect to TD through secure APIs (Application Programming Interfaces), reducing reliance on credential-based data access and supporting more secure financial data-sharing experiences.
As digital financial tools become increasingly integrated into everyday life, consumers expect greater flexibility in how they access financial services and greater control over how information is shared.
"Clients expect us to provide solutions designed to protect their data, while giving them the flexibility to use the digital tools and services that best meet their needs," said Jo Jagadish, Head of U.S. Digital Banking, Payments & Consumer Deposits at TD. "Our relationship with Akoya helps us deliver both, offering clients a choice in how they connect their financial data while building the foundation for the innovative financial experiences of tomorrow."
The arrangement advances TD's broader strategy to modernize how clients engage with finances. By investing in more secure, API-based connectivity, TD is creating more seamless digital experiences while reinforcing security, privacy and trust at core of client relationships.
"Consumers should be able to share their financial information with the apps they choose, see who has access and turn it off anytime," said Paul LaRusso, CEO of Akoya.
"Our engagement with TD puts that control in its clients' hands so they can confidently use the tools that help them make better financial decisions. Every consumer deserves that. It's the model more banks are adopting, and TD is helping lead the way," said LaRusso.
The OFS will offer third-party providers a clear, consistent place to learn about available TD APIs, register applications and take steps required to establish secure connections. Together, Akoya's solution will make connecting to TD simpler and easier to manage, and platform will continue to add new capabilities as client needs evolve.
Permission-based data sharing through APIs is becoming increasingly important as consumers turn to fintech applications and digital platforms to manage more of financial lives. TD and Akoya will bring apps and data aggregators onto platform in phases, beginning in fourth quarter of 2026.
About Akoya
Akoya is a data network connecting more than 4,000 banks, credit unions and brokerages with financial apps. Its secure, permissioned APIs eliminate need for consumers to share bank login credentials or rely on screen scraping. Through Open Finance Solution, Akoya provides API infrastructure and operational support institutions need.
About TD Bank U.S.
TD Bank US Holding Company and its subsidiaries are collectively known as TD Bank U.S. As U.S. banking business of Toronto-Dominion Bank, serves more than 10 million clients with network of approximately 1,050 locations throughout Northeast, Mid-Atlantic, Carolinas and Florida.
