Open Banking

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

Robert Sullivan Public Policy & Strategy Director at Token.io

Why clamping down on APP fraud is a delicate balancing act for the PSR

On 25 November 2022, the Payment Systems Regulator (PSR) closed its consultation on new proposals to help address Authorised Push Payment (APP) scams. Before it proceeds to implementation, we encourage the PSR to consider the potential impact of its APP scam proposals on the ability of Open Banking-enabled account-to-account (A2A) payments to effe...

21 February 2023 /payments /regulation

Kamal Misra Senior Director, Head of Banking at Capgemini Invent India

Turn up the BaaS: How banks are rising to the occasion to embrace a discerning business model

Among the myriad tracks signifying evolutionary dynamics, mutualism finds resonance among researchers and biologists as an exploratory construct for behavioural validation. For the unversed, mutualism refers to relationships or interactions among species with each deriving a net benefit. Barter being a primordial habit has a significant biological...

19 February 2023 /retail /predictions

Adam Preis Global Strategist at Ping Identity

Unleashing the Value of Open Banking

The market opportunity for developing seamless, secure, and scalable services across the UK Open Banking landscape continues to grow. More than 6.5 million users access services through open banking and APIs on a regular basis. On top of that, there was a 500% rise in payments made through open banking this past year, according to the 2022 Open Ba...

16 February 2023 /security /identity

James Lynn Co-Founder at Currensea

Open banking is vital to combat the rising cost of living – how can we improve consumer trust in it?

We all know dealing with the evolving cost of living crisis is going to require a coordinated effort across government, business and local communities. The fintech industry also has a vital role to play if support is going to effectively reach households of all incomes. We recently held our first Fintech for Good roundtable inviting some of the UK...

24 January 2023 /payments /inclusion

Andrea Varga Head of Innovation at Aryza

Making quicker and more informed decisions: what role does 'open finance' play?

With the UK economic forecast looking increasingly bleak, small and medium-sized businesses are facing some real challenges. Taking into account the current financial landscape, it’s perhaps no surprise that total company insolvencies in England and Wales in Q2 2022 reached the highest quarterly level since Q3 2009. For business lenders this has c...

24 January 2023 /retail /cloud

Farouk Ferchichi Group President, Envestnet Data and Analytics at Envestnet

The U.S. is One Step Closer to Making Open Banking a Reality

The CFPB paved the way for open banking rulemaking. Now is the time to expand on it. This year at Money 20/20, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra laid out plans to finalize open banking rulemaking, bringing the U.S. closer than ever before to developing an open banking ecosystem. If all goes according to plan, the CF...

19 January 2023 /wealth /retail

Cristian Gheorghita Director of Sales at Fintech Galaxy

Open Banking in Bahrain – MENA’s Disrupter – at a glance

A few years since Open Banking took off in Bahrain, the local community is yet to witness a plethora of use cases built on top of Open Banking capabilities. Bahrain has been leading the financial services’ transformation in the MENA region, especially when it comes to regulating the participants’ interaction under the Open Banking umbrella. The Bah...

09 January 2023 /payments /regulation

Siamac Rezaiezadeh VP Product Marketing and Insights at GoCardless

All I want for Christmas is…an open banking entity that takes us into the next phase

We may be just a few short weeks away from the end of the year, but things are far from slowing down. In fact, this week centres around the latest abbreviations in the open banking world - SWG and JROC. Back in March HM Treasury, Competition and Market Authority, Financial Conduct Authority and Payment Systems Regulator released a statement announc...

20 December 2022 /payments /regulation

Sara Costantini Regional Director for the UK and Ireland at CRIF

From fintechs to major financial institutions – we all have a role in fighting fraud

At this time of year, many of us will be out getting gifts for loved ones and buying in food to host families and friends for the Christmas period Spending always spikes in the holiday time and in the digital age it’s never been easier to part with your money, with the tap of a card or speedily entering your bank details online. But it’s also ea...

24 November 2022 /inclusion /crime

Retired Member 

It’s not too late to fix Australia’s Open Banking bungle, but industry must lead

Open Banking's global promise of data democratisation is in danger of faltering in Australia if policy-makers fail to address the needs of businesses. However if Open Banking bombs, the implications will be a lot further stretching. The rise of Open Banking has opened up new opportunities for consumers and businesses alike. In the UK, it has spaw...

18 November 2022 /security /regulation