open-banking
BankingOpen Banking Use Cases: A Goldmine of Actionable Intelligence for Banks Willing to Open Up
BankingWhy the Financial Services Sector Should Be Happy Open Banking Was Imposed Upon Them
FinanceOpen Banking – the Key to the Digitalisation of Accountancy
FinanceFinance Infrastructures of the Future: How to Improve Your Payments
Do Customers Care About Open Banking, or Do They Need More Education?
Date: July 5, 2022
By Olga Karablina, Head of Payment Product Development and Partner Relations at ECOMMPAY Open Banking, which was properly introduced in 2018, has seen a slow adoption in the wider finance industry. Where payment methods like Buy Now Pay Later and digital wallets have swept through the market, open banking remains less widely understood or...
The Open Banking Market Lacks Standardized Global Regulation: Why It’s a Problem
Date: June 21, 2022
By Nathanael Coffing, Co-Founder & CSO of Cloudentity Open Banking is dramatically changing the way financial institutions, investment companies and fintech organizations transact in the digital economy. The market is rapidly growing, with the industry expected to reach $43.15 billion by 2026. Open Banking puts the ownership of financial data back in the users’ hands...
Open Banking Payments: Open for Business
Date: May 30, 2022
By Tom Pope, head of payments and platforms at Tink The UK fintech sector is growing at an exponential rate, with the Confederation of British Industry (CBI) estimating it could yield an additional £32bn for the UK economy by 2030. But as highlighted in the CBI’s recently-launched ‘Winning with Fintech’ campaign, in order to continue...
What the Admonishment of Barclays/Lloyds Means for Open Banking APIs
Date: May 19, 2022
By Shreyans Mehta, CTO, at Cequence Security One of the promises of Open Banking was that it would level the playing field, making it possible for new entrants to compete with the banking behemoths but for that to happen there needs to be transparency. Any inaccurate information can skew the market and potentially disadvantage those that...
All Change. The Future of the Vrp Rollout, Its Benefits and Its Impact on Society.
Date: April 12, 2022
By Sean Devaney, Vice President Strategy for Banking and Financial Markets at CGI UK At CGI we are seeing that Variable Recurring Payments are often talked about, at least amongst the more payments obsessed of us anyway, as the next big way to open up access to banking services in the UK. However, unless we...
Open Banking and APIs: The Security Challenges
Date: March 31, 2022
By Yaniv Balmas, VP of research at Salt Security Open banking is here to stay. It provides consumers with improved access to their money and financial data, and it creates new opportunities for financial companies to innovate. Thanks to open banking, consumers can avail themselves of new, differentiated services, and ultimately have more control over...