Latest Open banking News: Finextra Research

Finextra TV/Sibos

The State of Open Banking Across the World

Jess Turner, EVP, Global Head of Open Banking and API, Mastercard, speaks to FinextraTV on the week of Sibos, where she dove into the role AI plays in financial services, including open banking. Market maturity for open banking varies in different regions, but it is becoming increasingly evident that interconnectivity can support with global scale and allow users to leverage their own data for their own benefit. AI, used responsibly, plays a key role in advancing and securing the open banking ecosystem by enriching and anonymizing consumer-permissioned data so that consumers and small businesses can share with confidence.

18 November 2024

Finextra TV/payments

Open Banking - Payment Method or Payment Solution?

In a conversation with FinextraTV, Moshe Winegarten, Chief Revenue Officer at Ecommpay, and Todd Clyde, CEO of Token.io, discuss the future of open banking and the evolving payments landscape. The discussion highlights a global shift towards instant payments in 84 countries and the consolidation of payment service providers (PSPs). Open banking emerges as a cost-effective and faster alternative to traditional card payments, which it is predicted to replace. The interview also addresses challenges like payment discrimination and the need for localised virtual accounts to improve acceptance rates. As account payments grow, building the necessary infrastructure and forging partnerships will be critical to support this shift and optimise payment success rates.

29 October 2024

Finextra TV/Sibos

How Will New Technologies Shape the Future of Payments?

In an interview with FinextraTV in the lead-up to Sibos 2024, Pilar Fragalà, Chief Commercial Officer of CBI, explores the impact of digital technologies and regulations on payment services. Highlighting the role of AI, APIs, and blockchain in enhancing security and speed, while PSD2 and PSD3 drive open banking and consumer protection, the discussion focuses on innovations like embedded finance and instant payments that offer transparency and flexibility. Addressing growing fraud risks, the interview examines how technology can prevent fraudulent transactions by verifying IBAN and beneficiary details in real time.

23 October 2024

Finextra TV/payments

How Open Banking will Enable Embedded Finance

At EBAday 2024, Afonso Eça, Appointed Executive Board Member, Banco BPI, expands on the future of open banking and embedded finance and how these two trends are transforming the financial industry. While regulatory pushes such as PSD2 led to more uptake of open banking, financial institutions continue to take advantage of what is occurring in the fintech space and move forward. The conversation also turns to how open banking is the catalyst for embedded finance and through open payments, customers and businesses alike will be able to simplify the payments journeys of small business operators.

19 July 2024

Finextra TV/retail

Retail banking: Key trends and next steps in digitalisation

Join FinextraTV at the Temenos Community Forum 2024 as Robert Wint, Senior Product Director, at Temenos, and Lorenzo Villa, Head of Touchpoints at Credem, discuss how to engage customers in the digital age of mobile banking. Focusing on open banking, the conversation highlights financial wellness and GenAI as key trends in the retail banking space, and delves into how digital channels are expanding and how banks should proceed with digital onboarding.

27 June 2024

Finextra TV/payments

Open banking services to expand into corporate and business banking

Join FinextraTV at the Temenos Community Forum 2024 as Kanika Hope, Chief Strategy Officer at Temenos, explores the potential of open banking in corporate and business banking. We discuss the differences between corporate and retail and what is needed from open banking services, specifically Open APIs, to navigate the complexity of corporate banking and make the sector more dynamic, and highlight how the role of SMEs in the banking ecosystem has evolved with the rise in fintechs.

25 June 2024

Finextra TV/ai

Why Fintech Should Carve Out 20% of Their Strategy For Practical AI Applications

Join FinextraTV at Money20/20 2024 as Scarlett Sieber, Chief Strategy & Growth Officer at Money20/20, delves into the key trends shaping the financial industry. Highlights include the enduring relevance of open banking and the growing impact of AI, with 20% of this year's event focusing on practical AI applications. The discussion covers AI's integration in fraud prevention, KYC, and marketing automation, and reflects on the rapid advancements in the past year. The conversation also addresses Money20/20's commitment to evolving initiatives, including a new stage dedicated to major announcements and sustainable innovations, setting the stage for continued growth and industry leadership.

18 June 2024

Finextra TV/payments

SEPA Instant Mandate: Racing to European Banking transformation

Ainsley Ward, Vice President at CGI, and Global Business Development lead for CGI’s Payments Solutions, sheds light on European Parliament's SEPA Instant Mandate and the 9th of January 2025 deadline for Eurozone banks. With the Federal Reserve's FedNow initiative connecting 400 banks in a year underscoring varying market readiness, challenges still persist. We discuss alternatives found in new technologies and scepticism over universal compliance in anticipation of EBAday, where stakeholders can converge to navigate regulatory complexities and seek solutions in this digital era.

17 June 2024

Finextra TV/retail

CFIT CEO Ezechi Britton MBE on How to Unlock Barriers to Fintech Growth

At IFGS 2024, Ezechi Britton MBE, CEO of the Centre for Finance, Innovation and Technology (CFIT), explores their recently released report on the benefits of open finance, what needs to be done to implement successful change and how open finance will change UK fintech going forward.

06 June 2024

Finextra TV/inclusion

Everybody in the room: Moving fintech forward

Lou Smith, Chair of Innovate Finance, discusses fintech's evolution in the past decade and its impact on consumer behaviour and industry collaboration. From challenger banks to widespread fintech app usage, we examine transformative trends like Open Finance, and amidst the challenges 2024 brings both nationally and internationally, we highlight opportunities for sustainable growth, charting a course towards fintech's fruitful future.

17 April 2024

Finextra TV/payments

Advancing payments: How can innovation drive business growth?

At MPE 2024, Neil Caldwell, Senior Vice President, Merchant Sales & Acquiring, Visa Europe, explores the influence of Open Banking and regulatory changes such as PSD2 on the payments industry. We discuss how technologies like tokenization and biometric authentication safeguards merchants and drives growth; and look at methods for optimising payments and enhancing customer experience, alongside exciting developments in biometric payments, real-time platforms, and the integration of artificial intelligence and machine learning.

28 March 2024

Finextra TV/cloud

Building the digital banks of the future

Carlton Hopper, UK Managing Director of GFT, and Sam Everington, CEO of Engine by Starling, review the impact of new banking platforms and implementation strategies for successful bank modernisation. They discuss GFT and Engine by Starling's collaboration that utilises cloud-native, modular, and API-based technologies to empower clients worldwide to deliver next generation digital banking.

17 January 2024

Finextra TV/Sibos

Navigating European Financial Shifts with Open Finance & PSD3

At Sibos 2023, Liliana Fratini Passi, Managing Director of CBI, discusses the future impact of Open Finance and PSD3 on the European financial industry and methods for overcoming the challenges of today.

28 September 2023

Finextra TV/payments

Lloyds & Finastra: The Shifting Payments Market & The Power Of Collaboration

In the second episode of this 4-part FinextraTV series, Stephen Everett, MD Cash Management & Payments, Lloyds and Roy Marsh, Global Payments Director at Finastra, discuss the significant changes happening in payment solutions as a result of Open Banking, Embedded Finance, shifting digital solutions and regulatory changes. We hear how ISO has been a major diversion for all banks in recent years, what will be the impact going forward, and the role of partner collaboration in enabling banks to maintain their competitive edge within these rapidly changing payments landscape.

11 July 2023

Finextra TV/payments

The Role of ISO20022 and Open Banking Adoption in Harmonizing Payments

Katja Lehr, Managing Director, EMEA Payments and Commerce Solutions, J.P. Morgan, speaks at EBAday 2023 about the shifts we are currently seeing in cross-border & instant payments technology. Examining the use of Open Banking adoption and innovation by regulators across CEEMEA, we explore the role of ISO20022 and how developing initiatives will support the harmonization of cross-border payments.

03 July 2023

Finextra TV/payments

Keeping up the momentum with Open Banking

Helen Child, CEO, Open Banking Excellence (OBE), speaks at Innovate Finance Global Summit 2023, discussing the progress made in Open Banking and how we can keep up with momentum and maintain the UK's global lead.

21 April 2023

Finextra TV/retail

Enhancing growth in merchant services

Speaking at Merchant Payment Ecosystem 2023, Kevin Baker, Head of Merchant Services EMEA, Bank of America, and Chris Jameson, Head of Product Management EMEA, Global Transaction Services, Bank of America, discuss how to improve merchant services for both customers and clients by leveraging data, APIs, and open banking.

14 April 2023

Finextra TV/retail

Open Banking adoption: How far have we come?

Speaking at Merchant Payments Ecosystem 2023, Olof Wirfelt, Chief Commercial Officer, Trustly, discusses Open Banking and technology adoption.

03 April 2023

Finextra TV/retail

The impact of Open Banking and Embedded Finance on customer experience

Speaking at Merchant Payments Ecosystem 2023, Octavian Puzderca, Senior Principal, Advisors Client Services, Mastercard, and Katharina Luschnik, Vice President, Product Sales, Aiia, a Mastercard company, discuss the impact of Open Banking payments and Embedded Finance on the digital customer experience.

03 April 2023

Finextra TV/retail

The Open Finance Paradox

Chris Allen, Head of Retail Banking, Banking & Financial Services Consulting, Cognizant joins FinextraTV to discuss the recent research surrounding the value of Open Finance and whether it is being fully realised. Looking at current paradoxes found within existing policies, Chris offers practical recommendations for incorporating Open Finance into Financial Institutions’ strategies, with what potential benefits can be found, the trigger points to accelerate growth and the steps that can be taken to stay ahead.

30 November 2022