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I reckon I can answer most of these, just contact me under ro@paypractice.com.

Rather than reinventing Open Banking, the UK should have looked at other EU countries practicing it for over 10 years already and having very successful bank-agreed payment execution services (PES) and bank-independent payment initiation services (PIS).

Listening to their advice and not taking the worst of both worlds, would have helped to understand the difference between the two and what needs PSD2 licensing and what not.

Rather than prescribing a “user experience” it is of paramount importance to leave this area to innovation and competition. After all, that’s the whole point of Open Banking!

The UK version of Open Banking forces customers to do all the authentication and authorisation themselves using the bank's user interface.

Replacing screen scraping with APIs is great, but depriving TPPs from acting on behalf of the customer and automating the payment flow defies the whole point of PSD2 and throws the baby out with the bathwater.

The user experience is the key element here and any single unnecessary screen or click can kill the take up. Don't expect mass adoption as long as consumers are redirected back and forth and have to go through more than one screen.