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 Open Banking
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 Open Banking
Artificial intelligence will have a seismic effect on financial services. McKinsey has predicted that AI could deliver a “value-creation opportunity of up to $20 trillion” for banks each year. Accenture also argued that 90% of all working hours in the banking industry will be “impacted” by large language models such as ChatGPT and predicted that ...
08 December 2023 /payments Artificial Intelligence and Financial Services
The PSD2 was a truly historic piece of legislation that laid the foundations for a paradigm shift in financial services. The blockbuster Payment Services Directive 2 planted the seeds for Europe’s thriving Open Banking ecosystem. Now we’re awaiting a sequel. When the PSD3 comes into force at some point in the next five years, it will unlock vast n...
24 November 2023 /payments /regulation Open Banking
We’re living in an era of crisis. The world is experiencing extreme geopolitical turmoil, soaring inflation, and continued post-pandemic supply chain problems. In the UK, we’re teetering on the brink of the first inflationary recession in 50 years and millions are facing the choice of heating or eating. The markets appear firmly in control of fis...
11 November 2022 /inclusion Open Banking
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