Community
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.
Abdulla Almoayed CEO at Almoayed Technologies
The spirit of co-opetition will make Bahrain’s banks the envy of the world Bahrain’s Open Banking compliance deadline of 30th June is rolling round quickly and its regulator, the Central Bank of Bahrain has already signalled that it has no plans to extend it. This means Bahrain’s banks need to move quickly. Doing so, however, is risky: hasty decisi...
02 May 2019
Retired Member
(Due to my travels to various countries advising and speaking on open banking, I will be publishing a series of posts on this subject and how it is being embraced globally.) Background In 2016, I was asked to be head of data standards for the open banking Implementation Entity (OBIE) which was undoubtedly the most difficult assignment I’ve been a...
30 April 2019 /payments
Anthony Walton CEO at Iliad Solutions
The target for Open Banking access has fallen way short of legislators’ expectations, with over 40% of European banks still unable to provide adequate infrastructure and access. There is no doubt that the issue of PSD2 continues to play a major part in the European Payments landscape. The European Central Bank makes a significant demand on all fin...
03 April 2019 /payments
Sarah Jackson Director at Equiniti Credit Services
15 months after open banking launched in the UK, consumer understanding of what it means remains low. In January this year, research revealed that just 9% of British adults had used open banking services, and less than a quarter (22%) had even heard of it. In fact, this is only part of the picture. Just because consumers do not recognise the terms ...
01 April 2019 /retail
Parth Desai Founder and CEO at Pelican
Open Banking is a powerful opportunity for both established banks and new fintech market entrants to develop and deliver impactful and empowering payments and financial services to consumers and businesses alike. It has been estimated that PSD2 has the potential to create a revenue opportunity of at least £7.2bn by 2022 across retail and small-bus...
26 March 2019 /ai
I recently attended the QAFF event in London, and it was clear to see the increasing relevance that APIs play as part of the global march towards improved access. 2018 was dominated by headlines proclaiming the Open Banking revolution that’s just around the corner. However, although the commercial and consumer benefits it promises are taking a whi...
14 March 2019
James Varga CEO at The ID Co.
Following the one-year anniversary of Open Banking going live in the UK, I was struck by how many headlines suggested it had somehow “failed” or is otherwise not fit for purpose. The negative press surrounding Open Banking has stemmed from a variety of viewpoints. Some from a lack of understanding by journalists on the subject, some concerned wit...
06 March 2019 /regulation
Marten Nelson Co-founder and CEO at M10
January 2019 marked a year since open banking came into play in Europe. While 2018 saw a steep learning curve for all involved, the next year will start to show serious, market-defining transformation. Will banks manage to capitalise on new ways to stay relevant in the digital era? As we head into the end of Q1, now is an ideal time to take stock...
06 March 2019 /payments
Rik Coeckelbergs Independent Advisor, Opinion Maker and Consultant at The Banking Scene
By Rik Coeckelbergs PSD2, the new regulation that will open up retail banking… another regulation that triggers very little attention of the average man/woman on the street. Consumers start getting aware of the front-end consequences, but slowly… thus far, only 3 Belgian banks are publicly anticipating on PSD2: KBC: they set up account aggregatio...
27 February 2019 /retail
The two types of Open Banking providers: here’s what you need to know Since January 2018, Open Banking has been driving dramatic change across the financial world, revolutionising everything from payment solutions and budgeting tools to lending applications and credit evaluations. But what exactly do companies offering Open Banking do? Regulated p...
11 February 2019 /regulation
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.