TD Bank U.S., the American arm of the TD banking group, has joined forces with Akoya, an open finance data access network, to give clients more security, transparency and control over how their financial information is shared with third parties.
Under the arrangement, a larger number of data aggregators and third-party providers will be able to link to TD using secure APIs through Akoya’s Open Finance Solution (OFS). The move is designed to cut dependence on credential-based access, meaning consumers will have less need to hand their bank login details to outside apps. TD clients will be able to decide which applications can view their financial data, check who currently holds access and revoke it whenever they wish.
The OFS will act as a single, standardised hub where third-party providers can explore the APIs TD makes available, register their applications and complete the process of setting up secure connections. The platform is expected to make links to TD easier to establish and maintain, and further features will be introduced over time as client requirements change.
TD said the partnership supports its wider effort to modernise the way clients manage their money. Through ongoing investment in API-based connectivity, the bank aims to deliver smoother digital experiences while protecting the security, privacy and trust it sees as central to its client relationships.
Akoya provides infrastructure that allows financial institutions and third-party providers to exchange consumer-permissioned financial data via APIs rather than shared credentials.
The two firms already have close ties. TD has backed Akoya as an investor since 2020, and Jo Jagadish took a seat on Akoya’s board of directors in 2025, contributing TD’s banking and customer insight to the development of open finance.
TD and Akoya plan to onboard apps and data aggregators in stages, starting in the fourth quarter of 2026.
TD head of U.S. digital banking, payments & consumer deposits Jo Jagadish said, “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.
“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.”
Akoya CEO Paul LaRusso said, “Consumers should be able to share their financial information with the apps they choose, see who has access and turn it off anytime.
“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.”
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