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Open Banking regulation, innovation and technology and it's potential to revolutionise the Financial Services Industry.
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Ximena Aleman Co-CEO at Prometeo
Many different verticals in the fintech landscape can benefit from open banking APIs – remittances, growth payments, and crypto. But the love story between open banking and startups is just beginning. Among the many benefits, open banking can scale startup processes and operations for onboarding, accounting, identity validation, and payments (by ...
06 October 2021 /regulation /inclusion
Elliott Limb Chief Customer Officer at Mambu
Open banking was set to herald a new dawn when it was introduced back in 2018. But, three years on, we’re still waiting for the innovation and growth it promised to materialise. It’s time we took a hard look at what went wrong and what our sector must do to enter a new era of consumer empowerment and banking change. Top-down tension One of the chi...
28 September 2021 /payments
Louisa Murray COO Europe at Railsbank
Innovate Finance has launched a new forum to explore the potential of fintech to create a more inclusive and sustainable world. What good timing - fintech has performed impressively amidst the pandemic and will have a crucial role to play as restrictions are lifted and we settle into our ‘new normal’. It’s origins go back to the creation of peer-...
20 August 2021 /payments /covid-19
Retired Member
Over the past three years the Open Banking movement has quietly gathered pace in the UK. Without realising it, many people are now benefiting from new products and processes that have been enabled by Open Banking’s free flow of financial data. Each month brings new use cases that range from incremental user experience improvements - such as easing...
13 August 2021 /sustainable /inclusion
Dmitry Dolgorukov CEO at GiniMachine
First, there was open banking — a considerable step forward in democratizing the financial services industry. With third-party access to banking via application programming interfaces (APIs), consumers were able to connect with a broader range of financial products and take greater control over their financial future. Now, the wave of open techno...
08 July 2021 /regulation /predictions
Nick Raper Head of UK at Nuapay
By Nick Raper, Director at Nuapay UK Open Banking is a buzzword used almost as often as ‘challenger banks’ or ‘bitcoin’. And much like the rise of cryptocurrencies, few consumers truly understand the full scope of what Open Banking offers. Arguably, though, that’s not a concern if the services and benefits of using Open Banking are made readily a...
02 July 2021 /payments /retail
Abhinav Paliwal CEO at PayNet Systems
Neobanks are what Slack is for physical offices Keeping the idea of digitisation and financial inclusiveness at the core, the traditional banks have moved from brick and mortar to adapting the digital versions of their services. Neobanks take it a step further with a digital-only approach. Neobanks are a fully functional digital-only bank with ad...
30 June 2021 /retail /startups
Find out the trends that will mould digital banking and how they will impact its future—the rise of FinTech and their association with FinTech. Until 2020, digital banking for banks was confined to having a web and mobile app, but the word now has a different meaning altogether. Last year has made banks realise the gaps in their digital banking jo...
23 June 2021 /retail /startups
Discussions around mental health and wellbeing have been thrust into the spotlight lately, and with good reason when you consider the impact of repeated lockdowns and the economic chaos introduced by COVID-19. Managing your money appropriately is undoubtedly a significant source of stress in these strange times. A recent study by Metro’s ‘Mentally ...
01 June 2021 /wealth /inclusion
Steve Morgan Banking Industry Market Lead at Pegasystems
While Open Banking use cases have been somewhat lacklustre so far, we could be about to see a shakeup in terms of how banks and utility providers unite for the benefit of the customer. Just this year it has been reported that TSB Bank is launching a bill management and utility switching service after a pilot found that users saved an average of £1...
18 May 2021 /people /retail
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