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Open Banking regulation, innovation and technology and it's potential to revolutionise the Financial Services Industry.
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Helen Child Founder & CEO at Open Banking Excellence (OBE)
The U.S.’ new Open Banking rules are an exciting development for the world’s largest market for financial services, but there’s a strong argument that it also has profound global implications. This has two parts. Firstly, as a catalyst to drive companies outside of the U.S. to launch in America. Secondly, to activate a more ‘globalised’ Open Bank
08 March 2025
From Speech to Action: New Service 'Open Banking in a Box' Powers Mansion House Momentum, Fuelling Industry Growth “The UK must act quickly to seize the opportunities of the future or risk falling behind international peers.” - National Payments Vision, published by HM Treasury November 2024. The long-anticipated National Payments Vision (NPV) fo...
04 March 2025
Jeremy Light Co-founder at Fourdotzero
Do payments systems need consumer protections built into them? Most countries have consumer protection laws for purchases, with additional protections if paid with credit, removing the need for payment systems to define their own rules. However, payment systems need users and it benefits them to be user friendly, in particular in three areas whe...
25 February 2025 /payments /retail
The Open Banking opportunity is super-sized in the US. What’s the market size and how do we best access it? What are the gotcha’s? What do we need to know…? To answer these questions and many more we’ve had from our global community we’re sharing our latest report with Oxford University in digestible bite sized chunks. The U.S. is the largest ma...
25 February 2025
Andrew Bonsall COO at AperiData
Research suggests that 74% of consumers want more tailored banking experiences. Yet, despite this demand, traditional tools fall short of delivering what customers expect. Enter: Open Banking transaction data for hyper-personalisation. Real-time access to granular transaction data completely overhauls how businesses understand and engage with custo...
24 February 2025
Alessio Balduini CEO and Founder at Credit Data Research
Mounting evidence suggests that losses from the Bounce Back Loan Scheme (BBLS) could have been drastically reduced if Open Banking tools had been used from the outset to verify applicant information. According to government estimates, fraud and error account for about 6.8 percent of BBLS loans—funds that might have been better protected by real-ti...
24 February 2025 /ai /crime
Getting income verification right is critical, yet traditional methods often fall short. Payslips and bank statements, while useful, only offer periodic glimpses into a person’s financial situation. They’re prone to delays, inaccuracies, and even manipulation—leaving businesses to make critical decisions based on outdated information. This is wher...
18 February 2025
What happens when over 5 million* UK residents are unable to access mainstream credit? The issue is more significant than it seems. These 'credit invisible' individuals—ranging from freelancers to those recently arrived in the UK—often have thin credit files that fail to represent their true financial situation. This creates a frustrating paradox...
11 February 2025
Ugne Buraciene Group CEO at payabl.
It’s amazing that Open Banking, once a visionary concept, is now celebrating its seventh anniversary. When it launched in the UK in 2018, its mission was clear: to transform the financial services landscape by giving consumers and businesses greater control over their data, enhancing competition, and fostering innovation. Seven years on, it’s time...
16 January 2025 /payments
Kathiravan Rajendran Associate Director of Marketing Operations at Macro Global
The financial landscape is undergoing a seismic shift, driven by the impending implementation of Payment Services Directive 3 (PSD3) and Payment Services Regulation 1 (PSR1). The PSD3 timeline is uncertain, but finished versions are likely to be available by late 2024. The EU member states will have a two-year implementation phase, with instituti
04 December 2024 /payments /regulation
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