Community
Open Banking regulation, innovation and technology and it's potential to revolutionise the Financial Services Industry.
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Den Burykin Managing Director at Fastlane Solutions
The Royal Commission into banking misconduct continues to act as a perfect catalyst of the reliable, responsible and independent future of the Australian digital financial and payment capabilities. The reality is things going wrong under Open Banking will come down more to technology and human error. It’s our job to manage those expectations, espec...
09 May 2022 /regulation /devops
Seb Wallace Investment Director at Triple Point Ventures
Open Banking is a flop, it’s too costly, “clunky”, and businesses struggle to make money from it. That was the view of Anne Boden, CEO of Starling Bank, speaking to MPs on the Treasury Committee in October 2021. But, there's increasing evidence that her view is untrue or, at least, incomplete. While it’s true that there are hurdles to overcome in t...
23 March 2022 /regulation /startups
Ron De Bos Director of Product Management, Payments at Digital River
What do banks fear most? You might think it would be another Black Monday on the stock market, the spectre of runaway inflation, or maybe a digital heist that ruins their reputation. In reality, quite possibly the worst thing imaginable would be for their merchant customers to start asking themselves, “Do we even need our bank anymore?” Impossib...
14 March 2022 /payments
Lawrence Byers Product Manager at Acquired.com
Fueled by the pandemic, the lending landscape has changed drastically in recent years. Amongst other things, the meteoric rise of Buy Now Pay Later (BNPL) services and increased up-take of online banking has resulted in consumers who now, in addition to demanding seamless and embedded experiences when engaging with financial products and services,...
28 February 2022 /payments /markets
Retired Member
Open Banking in the UK has been progressively building momentum in the four years since its launch. There are now over five million regular users, with 2021 seeing a 60% increase in new customers - making it Open Banking’s most significant growth period to date. But that hasn’t stopped murmurs from the sceptics. To quote one neobank boss, “custom...
21 February 2022 /payments /predictions
Andrew Beatty Head of Wealth, Retirement & International at FIS
In 1776, Adam Smith proclaimed in the Wealth of Nations that “Consumption is the sole end and purpose of all production.” [1] Since then, academics, governments and others have tried to predict and model consumer spending. However, the reality is that even at the personal level it can be challenging for individuals to predict and plan their own sp...
11 February 2022 /retail /inclusion
Martin Wilson Chief Executive Officer at OneID
January marked four years since the introduction of Open Banking. Although industry take up was initially slow, 2021 proved to be a catalyst for the initiative. In the past year, there has been a 60 percent increase in new Open Banking customers, totalling 3.9m consumer customers and 600,000 small business customers. Furthermore, with 1 million re...
10 February 2022 /wholesale /identity
David Ritter Director, Financial Services Strategy at CI&T
Not long ago, “open banking” seemed like something unimaginable. As new digital technologies increased, the level of cyber risk also evolved. So financial data, always considered highly sensitive, became even more top secret – and certainly not for sharing. But things have changed. With the ever-growing rise of fintech, bank apps, online trading ...
13 January 2022 /retail
Rolands Mesters CEO at Nordigen
Open Banking is celebrating its 4th birthday today in the UK. Four years on, and it is still growing and developing into an exceptional alternative to traditional banking. This is great news for all Open Banking service providers. Since Open Banking was first established in the UK in 2018, many changes have occurred that challenged our approach to...
13 January 2022
January is known as being the most depressing month of the year and a large reason for this is the leftover financial strain put on us due to the holiday season. For many people the winter holidays are a time for gifts and activities with loved ones. Everyone knows it’s also one of the more expensive times of the year, with many Europeans spendi...
05 January 2022
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