Insights

Conrad Ford, Founder & CEO, Funding Options

As with so many innovations in the world of finance and technology, Open Banking was going to revolutionise the way consumers and businesses manage their finances and access financial services.

Conrad Ford, Founder & CEO, Funding Options

As with so many innovations in the world of finance and technology, Open Banking was going to revolutionise the way consumers and businesses manage their finances and access financial services.

Insight: Rizwan Khalfan, Chief Digital and Payments Officer, TD Bank

Source: TD Bank Finance Canada has invited businesses to provide their perspective on what they think a Canadian Open Banking system could look like. We caught up with Rizwan Khalfan, TD’s Chief Digital and Payments Officer, to get his thoughts on the opportunities and challenges Open Banking brings to Canadians.…

Bill Roberts

Pioneering progress in Open Banking

Earlier this year, we saw the first anniversary of the launch of open banking in the UK. What’s been happening in the intervening 12 months? During 2018, Account Servicing Payment Service Providers (ASPSPs) rolled out the read/write APIs developed by the Open Banking Implementation Entity (OBIE) together with their customer…

Jonny Hawkins

The small business end: driving adoption with education

It’s no secret that Open Banking is set to notably increase consumer access to financial products, whether that be debt management tools, overdrafts and loans, or modern banking. But how can this new technology benefit businesses, as well as the individual consumer? Here at Liberis, we believe the most prominent…

Brendan Jones

Better prepared

Former MBNA/Bank of America product development director Brendan Jones is now a part of the leadership team at Konsentus. He looks at the challenges that organisations are facing from PSD2 Open Banking.   Q: How has your career to date informed your opinions on the changing payments landscape? I have…

The gloves are off - payments punch up

The gloves are off

The payments arena is fast becoming one of the most competitive sub-sectors of the banking industry, full of companies with vastly different backgrounds. We asked four industry experts who they thought would come out on top.   “What type of organisation will dominate the payments sector in 10 years?”  …

James Varga

Opinion: James Varga

As has been widely discussed elsewhere, one of the primary reasons for the introduction of Open Banking was to open up the proverbial treasure trove of data on which banks sit. Everything in our financial histories is known to the banks, and with 90 per cent of consumers banking with…

What’s been going on so far in 2019?

As the year of Open Banking begins, consumer organisations, academics and even the Church are looking at what it means for consumers. I kicked off my January writing and presenting an essay for the Vatican on fintech, competition and vulnerability – levelling the playing field was the central theme. It…

Wayne Brown

How Open Banking can save branch banking

People have been predicting the demise of bank branches for years. Today that death knell seems to be ringing louder than ever as foot traffic continues to decline, new technologies allow customers to conduct banking from their phones, and mobile-only challenger banks are rapidly attracting customers and accounts. But the…

Carlos Figueredo

Opinion – Carlos Figueredo

While Open Banking started in the UK as primarily a mandatory step for the nine top banks (CMA9) under the directive of the Competition and Markets Authority (CMA) through the CMA Order, none of us involved in the initial steps of Open Banking could have imagined the global impact that…

Adedeji Olowe

Global Perspectives on Open Banking: Africa Focus

Financial exclusion is real and is much more than not being able to pay. According to the European Investment Bank, as of 2017, 66 per cent of adults in Africa did not have access to financial services, many of which have the potential to transform their lives. It is no…