Our Volumetric Media Interoperability Town Hall is in 2 weeks! This half-day event will bring together experts from the industry in a series of short presentations focusing on volumetric media capture, market understanding and the role of standards.

https://metaverse-standards.org/event/volumetric-media-interoperability-town-hall/
#interoperability #volumetric #media

"The CFPB economists used a very conservative methodology, so the number is likely higher, but let's stick with that figure for now. The switching costs of changing banks – determining which bank has the best deal for you, then transfering over your account histories, cards, payees, and automated bill payments – are costing everyday Americans more than half a billion dollars, every year.

Now, the CFPB wasn't gathering this data just to make you mad. They wanted to do something about all this money – to find a way to lower switching costs, and, in so doing, transfer all that money from bank shareholders and executives to the American public.

And that's just what they did. A newly finalized Personal Financial Data Rights rule will allow you to authorize third parties – other banks, comparison shopping sites, brokers, anyone who offers you a better deal, or help you find one – to request your account data from your bank. Your bank will be required to provide that data.

I loved this rule when they first proposed it:"

https://pluralistic.net/2024/11/01/bankshot/#personal-financial-data-rights

#SwitchingCosts #USA #Banking #Banks #FinancialData #Interoperability #OpenData

❓Ever wonder why it's so hard to leave social media platforms? Cory Doctorow @pluralistic unveils the strategy behind the impossible disconnection in his latest book, "The Internet Con." Join us for an eye-opening discussion on #Interoperability at next week's book talk: https://blog.archive.org/event/book-talk-the-internet-con/