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Open Banking regulation, innovation and technology and it's potential to revolutionise the Financial Services Industry.
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Andrew Bonsall COO at AperiData
While Open Banking transactions remain significantly less prone to fraud than other payment types, financial crime, particularly Authorised Push Payment (APP) fraud, is still a major concern across the ecosystem. In fact, Cifas’ latest Fraudscape report shows a 76% surge in ATO cases, with more than 74,000 filed in 2024 alone. The spike in unauth...
15 July 2025
Assessing vulnerability is one of the most pressing challenges facing local authorities today. Yet, many still rely on static indicators, such as postcode, benefit status, or historic income, that only paint part of the picture. These data points often miss the subtle, daily indicators of financial pressure. What’s often missing is a live view of...
07 July 2025
When you're dealing with affordability assessments, collections strategies, or vulnerability detection, surface-level insight won’t cut it. You need data you can trust: data that reflects your customers’ real financial circumstances and supports confident decision-making. Choosing the right Open Banking provider means going beyond the basics. Conn...
18 June 2025
Jamel Derdour CMO at Transact365 - www.transact365.io
Since the implementation of PSD2 in 2018, open banking has gained significant traction across Europe. By 2020, approximately 12.2 million Europeans were utilising Open Banking services, accounting for nearly half of the global user base at that time. In 2023, the European open banking market generated approximately USD 9.28 billion in revenue. Proj...
28 April 2025 /payments /markets
Igor Kostyuchenok SVP of Engineering at Mbanq
It's been around 10 years since the PSD2 legislation. Let's try to understand whether the goals of the open banking initiative have been achieved and what PSD2 gave us. The idea of open banking legislation had following main objectives: 1. Empower Consumers • Give individuals and businesses control over their financial data. • Make it easier to sw...
09 April 2025 /regulation /inclusion
Over 20 million adults in the UK are still underserved by the financial system. And it’s not because they’re financially irresponsible—it’s because traditional assessments don’t tell the full story. These individuals might be gig workers with irregular income, young professionals without a credit history, or renters who’ve always paid on time but ...
01 April 2025
Sara Costantini Regional Director for the UK and Ireland at CRIF
It’s hard to believe that it’s been seven years since the Second Payment Services Directive (PSD2) was implemented in the UK. While the name isn’t exactly attention-grabbing, the impact it has had specifically in relation to open banking is significant. According to the latest figures, open banking now has 11.7 million users who are making 22.1 mi...
31 March 2025
Steve Morgan Banking Industry Market Lead at Pegasystems
Open banking still has the potential to transform global financial services and how people interact with their finances, but it’s still not there yet. The UK, European Union (EU), Australia and US are all charting their own unique course to implementing open banking in their respective region. Across the markets, this leads to differences in how f...
25 March 2025 /payments
Helen Child Founder & CEO at Open Banking Excellence (OBE)
What Every CEO Needs to Know: Your Complete Guide to Entering and Succeeding in the U.S. Open Banking Industry. With the U.S. Open Banking financial landscape entering a new era with the new rules for 1033 set to be established, many UK based Open Banking providers are re-setting their sights across the Atlantic. And for good reason. Launching in
24 March 2025
The U.S.’ new Open Banking rules are an exciting development for the world’s largest market for financial services, but there’s a strong argument that it also has profound global implications. This has two parts. Firstly, as a catalyst to drive companies outside of the U.S. to launch in America. Secondly, to activate a more ‘globalised’ Open Bank
08 March 2025
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