Open Banking

Open Banking regulation, innovation and technology and it's potential to revolutionise the Financial Services Industry.

Retired Member 

PSD2: Light At The End Of The Tunnel

As an avid fan of the Open Banking movement, I have tracked the implementation of PSD2 across Europe with much interest over the last few years. PSD2 aims to give customers control over their financial data and more competitive choice. This is something everyone needs to remember in the mad rush to build new businesses and protect existing ones. ...

25 November 2017 /payments

Damian Kimmelman CEO at DueDil

Information friction in finance is threatening the spirit of entrepreneurialism

Access to finance is consistently highlighted as a serious concern for small to medium businesses (SMEs), which is worrying considering they are the lifeblood of our economy. Their contribution to the British economy is set to exceed £241bn by 2025, up 19 per cent from last year’s figure of £202bn according to research from the Hampshire Trust Ban...

14 November 2017 /inclusion

Retired Member 

Open Banking: Pain Free Travel

I commute and stay in London each week and find the logistics of booking travel and accommodation painful. I have varying requirements for travel times, accommodation preferences and a strong desire for good quality at affordable prices. How can I ease my pain? I could wait until someone writes the killer app that solves my problem. However, with...

11 November 2017

Carlos Figueredo CEO/Founder at Open Vector Limited

What has SIBOS in Toronto taught us about Open Banking?

It’s no surprise to anyone in the financial community that SIBOS is by far the most relevant global networking event of the year. Not only was Toronto a great city to host it this year but open banking was the topic many of us were keen to see if there was interest from the banking and fintech community. At this SIBOS I was invited by SWIFT to be ...

06 November 2017 /sibos

Retired Member 

Open Banking: Consent is Key

We have learned a lot about how not to do consent from Hollywood and the Fashion industry. Consent has to be explicit, have a clear affirmative statement and action of intent that cannot be misinterpreted, given clearly, specific and informed. In May 2018, individuals “are given legal rights over their own data”. As Open banking is going across m...

06 November 2017 /regulation

Retired Member 

DBS: The Rise Of Invisible Banking

Have you heard of DBS bank? Not many have. It is no surprise really, as its mission is to make banking invisible. A feat it is well on the way to achieving. Damn Bloody Slow The bank was formed in 1968 as the Development Bank of Singapore and is now known as DBS. It offers retail, corporate and investment services to 7 million customers throughout...

05 November 2017