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Open Banking regulation, innovation and technology and it's potential to revolutionise the Financial Services Industry.
As the owner, you will also give up ownership if you leave this group.
Marcus Martinez Industry Advisor, Worldwide FSI at Microsoft
2020 will be a remarkable year. A new decade has begun, giving us the feeling of a fresh start, of possibility, and the opportunity to reflect on the changes and progress we have made so far. The challenge is to find a relevant point in time, an anchor if you like, that we can use in order to establish a meaningful comparison. When I think about ...
10 March 2020 /retail
Hakan Eroglu Advisor at BIS Innovation Hub (all opinions are my own)
Thanks to PSD2 in the EU, and open banking in the UK, Europe has been leading the way with its open banking initiatives. This significant development represents the beginning of a journey to democratise the financial services industry by allowing third parties to access current account transaction information and initiate payments. However, there ...
06 March 2020
Andrew Beatty Head of Wealth, Retirement & International at FIS
One thing that banks are not lacking is data. Adding events and event streams into the mix, both the volume and the quality of data will increase exponentially. In today’s data-driven world, banks adopting new core banking solutions with event-based architecture (EBA) will gain a distinct advantage over banks that don’t. ► See also my related blog...
05 March 2020 /ai
If you own a smartphone, the chances are you have at least one gaming app installed. You know, for those rare moments when you have a few minutes to spare and just need to switch your mental focus. However, with the ever-increasing power of smartphones’ processing capabilities, mobile games have become much more sophisticated, with so many feature...
04 March 2020
Benny Boye Johansen Head of OpenAPI at Saxo Bank
I've just come back from the Open Banking and APIs Forum in Amsterdam arranged by Fleming. It is a small event, but still diverse in participants and speakers across incumbent banks, neo banks, intermediaries, infrastructure firms and even the EBA was represented. My speaking slot "Add trading and investing to your core banking offering" ...
01 March 2020
Retired Member
One of the great hopes for the fintech community this year is that open banking truly takes off. The sector is working tirelessly to deliver solutions that let consumers easily, and securely, manage their personal finances and data through one app. However, meeting customer expectations and developing solutions is not straightforward. It takes a g...
28 February 2020 /payments /retail
The current Open Banking offering provided by most banks stops at the lowest common denominator, providing access to a client’s current account and allowing for payment initiation and account aggregation. Many banks have seen such APIs as a threat and just a way to fulfill a regulatory requirement, as they have been very hard to monetise. They no...
12 February 2020
Steve Morgan Banking Industry Market Lead at Pegasystems
Open Banking has fundamentally changed the game for all of us in the banking and financial services sector. With shifts involving customer data, naturally there have been concerns as organisations transform, from how they can get a sufficient return, to the need for security, to the need to adhere to the new regulations. However, Open Banking has ...
31 January 2020
The future of finance is open. But not because of Open Banking legislation, but because the internet has unshackled information flows. In the future, financial information will flow horizontally across an ecosystem, rather than vertically through an integrated value chain; finance will be embedded into everything from ecommerce to homebuying. Open...
27 January 2020 /wholesale
Last week, the CMA released a report on the status of open banking after 2 years in place in the UK. This blog will reflect and challenge the comments from the blog “Open Banking year two: Insights from the CMA9” and what the various banks perceive as progress. To set the tone, none of us who were part of the original team under the first trustee a...
24 January 2020 /payments
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