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I have had the temerity to question Open Banking's statistics that claim that eleven million UK adults are (and the formulations differ, which is always suspicious) 'active users of Open Banking', 'benefitting from Open Banking', 'using and garnering the benefits of Open Banking'.

Now it turns out that 60% of UK adults have never heard of it. There are 50 million UK adults, meaning that 20 million UK adults have heard of it, which is does not mean that 11 millions are users and certainly not that 11 million are garnering its benefits.

How much double-counting is there in Open Banking's own figures?

SWIFT announced a service outage on 18th July, in Delphic terms. Were they connected, and, if so, which SWIFT service went down? It could not have been FIN or more systems would have failed (including the UK RTGS, which hasn't migrated to ISO20022 yet, has it?). It cannot for the same reason be InterAct across the board, and it cannot be T-Copy for ISO20022 XML because TARGET2 uses that and it did not go down. So what's left? Answers please, on an MT099, to....

Far too late for the FSB's opposition to be credible, as they have participated in untold FCA/Payment Systems Regulator processes promoting digital payments as well as the Bank of England CBDC Engagement Forum, all advancing the case for a cashless society. They never uttered so much as a whisper of dissent. In doing so they in effect co-opted their membership into a direction-of-travel they now take issue with - too late, no credibility, go home.