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Open Banking – the potential for the bank of the future

How digital are Swiss millennials and what do they expect from their bank? In this report you will get insights into the banking behaviour and expectations of today’s millennials and the potential that lies in Open Banking.

Why ForgeRock built a simulated bank for testing open banking APIs – Reseller News

Fintechs already using ForgeRock’s sandbox to simulate connecting to a real bank via the new open banking APIs as a way to supercharge their integration journey…

Big six come under fire for slow take-up of Open Banking rules

Britain’s big lenders have been criticised for their slow take-up of so-called “Open Banking” reforms designed to spark a digital revolution in banking. The rules kicked in at the start of the year to make it easier for people to move their financial data to rival service providers. They are being enforced on big lenders by the Competition and Markets Authority (CMA) to encourage switching.

Potential Threats of Open Banking

For most of their history, banks have had complete control and security over the sensitive data that they have been entrusted with and the systems of how they transfer this data.

Business Savings Blog | August 2018 – The future of banking – does Open Banking herald a golden era for specialist banks

The UK banking and financial services industry as a whole has undergone significant change in the last 10 years – the financial crisis was a watershed moment and according to regulators and politicians heralded a new dawn for banks.

Open Banking; not just for banks

So far, open banking discussion has focused on open banks; but the PSD2 requirement also extends to payment institutions and e-money institutions that offer online payment accounts. This article explores the options available to payment and e-money institutions – smart phone or old Nokia?

PSD2 compliance open-banking capabilities for digital financial solutions using key WSO2 technologies

Developing PSD2 compliance and strengthening open-banking capabilities for a major digital financial solutions provider using key WSO2 technologies…

FCA and CMA release UK bank scores in line with Open Banking | The Paypers

The UK\’s Financial Conduct Authority and Competition & Markets Authority have released data on quality of service in Open Banking.

Open Banking pioneer Bud wins slice of government’s ‘rental recognition’ prize – AltFi News

The £2m prize pot has been awarded to firms developing solutions to help get renters on the housing ladder….

Deposit Solutions Targets Swiss Finance Industry Through European Open Banking Expansion

After it successfully raised $100 million at its recent investment round, German fintech firm Deposit Solutions will expand its B2C platform to Switzerland, allowing consumers there to use the fixed-term offers of a variety of banks based across the European Union through one account.