Community
Open Banking regulation, innovation and technology and it's potential to revolutionise the Financial Services Industry.
As the owner, you will also give up ownership if you leave this group.
Riaz Syed CEO at infinant
Coreless banking represents a groundbreaking paradigm shift in the world of banking, aiming to revolutionize how financial institutions operate. In a nutshell, it is about embracing a system that gives banks the ability and flexibility to build and customize products on a single platform. This strategy enables a wide range of innovations, from ban...
07 March 2024 /regulation /wholesale
Sophie Proctor Content & Communications Lead at Yapily
Pay by Bank, that includes the popular Account-to-Account (A2A) payment method, introduces a streamlined, cost-effective, and instantaneous payment solution for both merchants and consumers. Our blog delves into the myriad benefits, potential hurdles, and the evolving landscape of Pay by Bank adoption. In an increasingly crowded payment ecosystem ...
29 February 2024 /payments /inclusion
Boris Bialek Field CTO, Industry Solutions at MongoDB
Open banking, also known as open finance, is transforming the banking industry with financial institutions embracing greater transparency and collaboration, while also driving product innovation. In fact, the number of individuals utilising open banking services is expected to reach 132.2 million this year – a trend which is already stimulating c...
28 February 2024 /payments /cloud
Helen Child Founder at Open Banking Excellence
The opportunities that a truly global Open Banking ecosystem would create for businesses and consumers are almost limitless. The more interoperable the ecosystem is, the greater the possibilities are for innovation and growth to snowball as new ideas collide on the international stage. The potential market is huge. In the UK, the number of Open B...
21 February 2024 /payments
The emergence of Variable Recurring Payments (VRPs) marks a significant milestone in the realm of open banking payments. These innovations are not only elevating security standards but also enhancing user experiences, granting consumers more authority over their transactions, and providing businesses with quicker, more cost-effective, and reliable...
09 February 2024 /payments /inclusion
Across the UK and Europe, property technology (PropTech) is rapidly gaining momentum, enhancing the way properties are bought, sold, rented, and managed. Yet, there's an untapped potential in these markets – a chance to harness more efficient payment processes, secure and accurate data handling, and optimised operational methodologies. Unravelling...
30 January 2024 /payments /inclusion
Open Banking celebrated six years young on the 15th of January, making this the perfect time to give the industry a JROC (Joint Regulatory Oversight Committee) update. As we look ahead in Open Banking, JROC has been our guiding North Star. The JROC committee, having commenced their ambitious work in June 2023, has already proven essential in helpi...
29 January 2024 /payments /regulation
Megan Harrison Head of Marketing at Vyne
Open Banking is shaking up the fintech and payments world, no doubt you've heard of it. It's a framework that enables banks and financial institutions to securley share financial data with other regulated providers in order to create more personalised services and value for consumers and businesses alike. With Open Banking payments, businesses ar...
10 January 2024 /payments
Jeremy Light Co-founder at pingNpay
A year ago, I believed UK Open Banking payments were on a roll. Total payment initiations for 2022 were 68 million payments, an increase of 171% over 2021, showing a strong foundation for Open Banking. At this rate, I believed 1bn payments a year could be reached in 2025, a level where Open Banking would be firmly established in the UK payments la...
09 January 2024 /payments /predictions
Raktim Singh Senior Product Leader at Infosys
In the contemporary digital landscape, Open Banking represents a paradigm shift in managing financial transactions. It helps create an environment where financial institutions can securely share the data with other stakeholders with the customer’s consent. This is done through API ( Application Programming Interface), which helps in data sharing b...
27 December 2023 /retail /wholesale
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.