Community
Open Banking regulation, innovation and technology and it's potential to revolutionise the Financial Services Industry.
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Igor Kostyuchenok SVP of Engineering at Mbanq
It's been around 10 years since the PSD2 legislation. Let's try to understand whether the goals of the open banking initiative have been achieved and what PSD2 gave us. The idea of open banking legislation had following main objectives: 1. Empower Consumers • Give individuals and businesses control over their financial data. • Make it easier to sw...
09 April 2025 /regulation /inclusion
Andrew Bonsall COO at AperiData
Over 20 million adults in the UK are still underserved by the financial system. And it’s not because they’re financially irresponsible—it’s because traditional assessments don’t tell the full story. These individuals might be gig workers with irregular income, young professionals without a credit history, or renters who’ve always paid on time but ...
01 April 2025
Sara Costantini Regional Director for the UK and Ireland at CRIF
It’s hard to believe that it’s been seven years since the Second Payment Services Directive (PSD2) was implemented in the UK. While the name isn’t exactly attention-grabbing, the impact it has had specifically in relation to open banking is significant. According to the latest figures, open banking now has 11.7 million users who are making 22.1 mi...
31 March 2025
Steve Morgan Banking Industry Market Lead at Pegasystems
Open banking still has the potential to transform global financial services and how people interact with their finances, but it’s still not there yet. The UK, European Union (EU), Australia and US are all charting their own unique course to implementing open banking in their respective region. Across the markets, this leads to differences in how f...
25 March 2025 /payments
Helen Child Founder & CEO at Open Banking Excellence (OBE)
What Every CEO Needs to Know: Your Complete Guide to Entering and Succeeding in the U.S. Open Banking Industry. With the U.S. Open Banking financial landscape entering a new era with the new rules for 1033 set to be established, many UK based Open Banking providers are re-setting their sights across the Atlantic. And for good reason. Launching in
24 March 2025
The U.S.’ new Open Banking rules are an exciting development for the world’s largest market for financial services, but there’s a strong argument that it also has profound global implications. This has two parts. Firstly, as a catalyst to drive companies outside of the U.S. to launch in America. Secondly, to activate a more ‘globalised’ Open Bank
08 March 2025
From Speech to Action: New Service 'Open Banking in a Box' Powers Mansion House Momentum, Fuelling Industry Growth “The UK must act quickly to seize the opportunities of the future or risk falling behind international peers.” - National Payments Vision, published by HM Treasury November 2024. The long-anticipated National Payments Vision (NPV) fo...
04 March 2025
Jeremy Light Co-founder at Fourdotzero
Do payments systems need consumer protections built into them? Most countries have consumer protection laws for purchases, with additional protections if paid with credit, removing the need for payment systems to define their own rules. However, payment systems need users and it benefits them to be user friendly, in particular in three areas whe...
25 February 2025 /payments /retail
The Open Banking opportunity is super-sized in the US. What’s the market size and how do we best access it? What are the gotcha’s? What do we need to know…? To answer these questions and many more we’ve had from our global community we’re sharing our latest report with Oxford University in digestible bite sized chunks. The U.S. is the largest ma...
25 February 2025
Research suggests that 74% of consumers want more tailored banking experiences. Yet, despite this demand, traditional tools fall short of delivering what customers expect. Enter: Open Banking transaction data for hyper-personalisation. Real-time access to granular transaction data completely overhauls how businesses understand and engage with custo...
24 February 2025
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