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Open banking: rollout with care

Amongst rushed efforts to meet regulatory obligations and deadlines in the UK, consumer education was neglected and adoption slow. Research from Experian showed it was clear half of Brits surveyed didn’t believe there was any benefit to them in sharing their current account information.

Open Banking driven forward by data-sharing youth, UK study shows | The Paypers

UK-based financial services consultant Altus has issued a survey revealing a higher rate of openness towards open banking among the young generation.

Loss of data innocence increases focus on open banking data security

We need to take into account the increased risk of cybersecurity breaches when considering the design of the open banking regime, writes Nicole Buisson of Xero…

The art of Open Banking regulation

Europe made the first steps toward open banking with open banking regulations in the UK and PSD2 for the European Union. As a first mover, the EU introduced PSD2 to increase competition in a payments sector dominated by a few big payment service providers and credit card schemes. Taking Europe as a blueprint, other jurisdictions are now using open banking as an accelerator to meet their own specific goals.

“Nigeria is Not Ready to fully Embrace the Open Banking System” – Austin Okere

Open Banking, as a concept could be considered as a subspecies to the Open Innovation concept, a term promoted by Henry Chesbrough.

Caxton FX to provide open banking payments

Customers will be able to make international payments directly from its platform…

Can open banking revolutionise the protection market?

Open Banking platforms have been successful in increasing customer engagement across younger demographics…

ForgeRock Hosts Its First Ever Hackathon Dedicated to Open Banking Ecosystem

Contest Designed for Developers to Drive Innovation with Open Banking APIs; 21-23 September in London…

Open Banking: defining moment or doomed from the start?

The impending arrival of Open Banking in Australia may not be news to many in the financial industry. But judging by research we conducted recently, it certainly is to everyday consumers.Of the approximately 2,000 consumers we surveyed, a mere 17 percent were aware the government is implementing …

Open Banking Day

We are in the beginning of a rapid transformation of the financial landscape. The PSD2 legislation coming into effect next year will allow 3rd party providers to access bank accounts on behalf of their clients. The ambition is to increase competition between different players in the financial market, which in the end will lead to improved servicing of the end customers.