Open Banking

Open Banking regulation, innovation and technology and it's potential to revolutionise the Financial Services Industry.

Steve Morgan Banking Industry Market Lead at Pegasystems

Are Open Banking Partnerships All They’re Cracked Up to Be?

When Open Banking and the open APIs it allows came on the scene, it presented a huge opportunity for financial institutions to broaden the type of services on offer their customers. As a result, a primary way banks are choosing to diversify their offering is by partnering with third parties who have products relevant to their customers. But do the...

19 September 2019 /sibos

Retired Member 

PSD2: the time to act is now

There’s nothing quite like an impending deadline to shake you out of summer holiday mode – and PSD2, due to come into force on September 14th, is a significant one. Whilst the FCA recently confirmed an 18-month delay to the Secure Customer Authentication (SCA) aspect of the directive, PSD2 is about so much more than multi-factor authentication. It ...

13 September 2019 /security /regulation

Retired Member 

Open Banking Transaction Categorisation Mythbusting

This is the first part of a two-part series covering all things categorisation. Part one will cover the what, why and some of the how with part two going deeper on the technical nitty-gritty of how we approach categorisation at Credit Kudos. Let’s start by defining what we mean by categorisation. The term categorisation is used to describe the cl

29 August 2019 /retail

Joris Lochy Product Manager at Intix | Co-founder at Capilever

Transforming the bank to an Open API Ecosystem

1. Introduction "Open" has recently become a new buzzword in the financial services industry, i.e. open data, open APIs, open banking…​, but what does this new buzzword really mean? "Open" refers to the capability of companies to expose their services to the outside world, so that external partners or even competitors can use th...

13 August 2019

Christopher Gorst Head of Better Markets at Nesta

The open banking opportunity for fintechs

Open banking is currently leading the way in demonstrating how we can make our data work for our benefit. It has been live for over a year now and since its launch, there has been a flurry of activity as the largest banks, challenger banks, and new and established fintechs take advantage of the opportunity to create open banking enabled products a...

09 August 2019

Retired Member 

Open Banking Australia

Open banking is now a much talked about topic in Australia. Brought in to create a more competitive financial ecosystem, it aims to deliver products, services, and experiences that customers will keep wanting more of. Although delays have taken place, by July 2020, all banks in Australia are expected to have their data opened up via APIs. Banks li...

19 July 2019 /regulation

Retired Member 

The Basics of Open Banking

Open Banking has grown overnight. It started with the PSD2 regulation for Europe in 2018. Open banking is now adopted in Australia, several parts of Asia, Latin America and many other regions. Here are a few facts to understand what Open Banking is and why you should consider building a strategy around it. What is open banking and why was it create...

15 July 2019 /regulation

Retired Member 

Why Bank Data Will Dominate in 2019

I was intrigued by the production of the below graphic after being asked to comment on it by colleagues within the context of Open Banking. Without question, it gives food for thought. With the luxury of hindsight, it feels odd that it took almost half a decade for electricity to be available to a mere 25% of the US population. There are very good ...

26 June 2019

Hakan Eroglu Advisor at BIS Innovation Hub (all opinions are my own)

The Asia-Pacific way of Open Banking regulation

With the introduction of the European Union’s PSD2 and Open Banking in the UK, the concept of Open Banking has arrived in Europe and is clearly here to stay. But what is happening in other parts of the world? What can we in Europe learn from these developments? And which initiatives will prevail—whether driven by the regulator or the industry? Asi...

20 June 2019

Anthony Walton CEO at Iliad Solutions

Latest Research On APIs and How Banks Can Thrive In An API Economy

In May, Accenture released a new piece of analysis entitled ‘How Banks Can Thrive In An API Economy.’ The industry press has been awash with company announcements and predictions of greatness for those successfully launching an Open Banking proposition. Increasingly, we start to see more scepticism and articles describing why Open Banking is never...

20 June 2019