Open access to customer risk data should mean better customer choice and safer lending decisions. How will that change the financial landscape in the coming years? Joe McGrath investigates.
Throughout history fraudsters have been quick to exploit technological advances. Open Banking is no different. So how can organisations ensure they aren’t opening the door to criminal activity, asks Jennifer Turton… March 2019 may be the month that will be remembered for the Brexit deadline but, in the world of…
The onset of PSD2 made 2018 a pivotal year for European banks, but it won’t be until later this year that the regulations grow some teeth. Geordie Clarke asks: will it achieve its intended result? It’s crunch time for European banks as far as Open Banking is concerned. In the…
As banks and fintech start-ups use Open Banking technology to launch tools that help people manage their finances, can they also be used to improve financial inclusion? Geordie Clarke reports… It’s a stark statistic: nearly half the world’s population doesn’t have an active bank account, according to World Bank research.…
Open Banking Expo Magazine spoke to Skipton Building Society, Enterprise Chambers in London and The Online Mortgage Advice Centre about the use of Open Banking data within the mortgage sector. It’s a sobering thought for all professionals involved in banking and finance, that the average Brit is far more likely to…
A year on from the launch of Open Banking in the UK, consumer adoption rates are low and awareness levels are lower still. Should we be worried, asks Joe McGrath? Getting consumers to buy into the benefits of Open Banking has been a tricky business for British financial groups.…
Many predict that Open Banking will eventually lead to the end of the retail banks as we know them today, but how are the legacy players protecting their businesses? Joe McGrath investigates… It has been a transformational decade for Europe’s retail banking sector. Vast regulatory changes introduced in the…
As the UK celebrates a year since the first Open Banking regulations came into force, the world is watching its progress. But not every country is following its approach, finds Jenny Turton… Regulatory initiatives, fintech innovations and rising consumer demand for ease and convenience, are fuelling a momentum for…
Why your customers could be the downfall of Open Banking – and how data sharing can save it. Lee D’Arcy, director of engagement at Cifas, at the UK’s fraud prevention service spoke to Open Banking Expo Magazine. One fraud hides a multitude of crimes In the world of business,…
Regulation has stimulated a wave of new entrants to the payments space and incumbents are spending big to protect their market share. But who is likely to win out in the battle for supremacy? Joe McGrath and Jenny Turton investigate… Competition in the payments sector is intensifying at breakneck speed.…
