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Open Banking regulation, innovation and technology and it's potential to revolutionise the Financial Services Industry.
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Paul Marcantonio Head of UK/Western Europe at Ecommpay
Open banking has the potential to reshape eCommerce transactions, yet so far, uptake has been slow amongst consumers. Since Open Banking was introduced in January 2018, UK banks have been required to make their data available in a standardised format, allowing third-party developers to build applications for financial services and enabling fast ban...
13 April 2023 /payments /markets
Andy Wiggan Chief Product Officer at GoCardless
As the proverb goes, ‘patience is a virtue’, and that’s something many of us are having to keep in mind this week as we await the Joint Regulatory Oversight Committee’s (JROC) report on the future of open banking in the UK. Fortunately, the Coalition for a Digital Economy (Coadec) has given us all something to sink our teeth into after releasing ‘...
05 April 2023 /payments /inclusion
Brad Goodall CEO at BANKED
While Open Banking has been a game-changer for the UK’s financial services sector, the rest of Europe has yet to fully embrace this concept in the same way. This has resulted in a lack of consistency in implementation and a range of challenges that need to be addressed. Innovate Finance, the industry body representing UK FinTech, in partnership wi...
28 March 2023 /payments /regulation
Benny Boye Johansen Head of OpenAPI at Saxo Bank
As Saxo is working to create the vision for our next version of OpenAPI, we are looking for many sources of inspiration as to what needs to get improved. One initiative is a collaboration with the Department of Digitalization at Copenhagen Business School with the purpose to assess API quality and how different ways of working, different design me...
24 March 2023 /devops
Richard McCall CEO at Armalytix
Despite a raft of recent issues, financial institutions remain determined to dive deeper into crypto. This presents real risks to institutions – and that it is imperative that they take precautions to properly protect themselves against the ever-present spectre of fraud and money laundering. The ink is still yet to dry on stories of the FTX coll...
08 March 2023 /regulation /crime
Robert Sullivan Public Policy & Strategy Director at Token
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
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
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
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
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
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