The choppy macroeconomic environment presents a window of opportunity for the Open Banking and Open Finance ecosystem.
Consumers are nervous and unfamiliar with variable recurring payments, which has inhibited early adoption of the new payment method.
Token’s Charles Damen and NatWest’s Dan Globerson revealed the news at Open Banking Expo UK in London on 20 October.
The new industry-wide initiative will help women “rise up and realise their potential”, through mentoring workshops, breakfast briefings and roundtables rolling out in 2023.
Prevention, detection, intervention, and education essential if industry is to extinguish criminal activity across Open Finance.
Companies are embracing buy or build strategies to remain relevant amid an increasingly demanding customer landscape.
Experts in capital markets infrastructure say adoption of Open Banking in the institutional market has been hampered by legacy approaches.
The new sandbox will enable Lloyds Banking Group to “experiment and learn with fintechs at pace”.
Hale joins from TrueLayer and is a member of the Data Standards Body’s CDR Banking Advisory Committee.
Ordo CEO Craig Tillotson said the case for Request to Pay and Open Banking capability “has never been stronger”.
