Open Banking: learning from professionals

 

openbanking1

Working towards a seamless cooperation between Fintechs and banks

The development of Open Banking is accelerating fueled by both customer demand, competitive Fintech pressures and last but least, the recently adopted regulation of PSD2 and GDPR. Especially the provisions for ‘Access to the Account’ require banks to ‘open up’. It is up to the individual leaders to which extent they would like to ‘open up’ beyond compliance, i.e. defining their level of ‘platformisation’.

We are moving to a world with financial delivery and innovation will be defined and ‘clicked together’ by retail and commercial (often mobile) customers. The prerequisite is then that banks and Fintech players can seamlessly co-operate together where banks are acting as a platform facilitating their customers to have control over their account and data and the parties they wish to connect with.

Earliest by the end of 2018 the obligatory PSD2 ‘openness’ should become available in the EU-28 region. In the meantime, banking and Fintech leaders are grappling with the implications and the required actions.

 

At EPS we will devote ample time on this important development, by inviting leading practitioners in the emerging field of ‘Open Banking’ to share their experiences with us and to look ahead on what it takes to make a blossoming sector out of this new possibilities in the coming years.

 

Moderator: Vincent Jansen | Principal Consultant | Innopay | The Hague

Panellists:

  • Vincent Brennan | Chair of the Open Banking Working Group EBA | Head of Group Operations & Payment at Bank of Ireland | Dublin
  • Don Ginsel | Founder | Holland Fintech | Amsterdam

 

Additional Interesting Reads:
CMA, PSD2 and API: A solution for open banking
EBA – Open Forum on Open Banking

  • @EuroPaySummit

    European Pymt Summit European Pymt Summit @EuroPaySummit #payments lobby calls for 18-month delay to consumer authentication rules via @finextra #SCA #PSD2 https://t.co/0aVS4vALfX 22 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @cbpaymentsnews: The Grand Panel on #cash and #CBDC wraps up with a lively debate on the merits and drawbacks of issuing a central bank… 24 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @cbpaymentsnews: How are central banks approaching the "new normal" in cross-border #payments? A packed #CBPC2019 track session from @IN 25 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @cbpaymentsnews: Pleased to be in Berlin @ the Central Bank Payments Conference w/ 52 global central banks! Great opening panel with Vic… 25 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @bankofengland: We will support a more resilient, innovative and competitive payments system for UK households and businesses. Find out… 25 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @cbpaymentsnews: Why standards are important for central banks... @GLEIF Chairman Gerard Hartsink on the value of legal entity identifie… 25 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @cbpaymentsnews: Standards are the hot topic this morning at the #CBPC2019 in Berlin. James Whittle, Head of Standards Authority at @WeA 25 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @cbpaymentsnews: In today’s #CBPC2019 session on open banking, @WeArePayUK’s Matthew Hunt says we are living through a “once in a genera… 25 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit "The most striking thing we found during our attendance at the #europeanpaymentsummit was the fact that regulatory… https://t.co/FxCSh0XvLs 27 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @PaymentCounsel: Money 2020: World FinTech Report 2019 #OpenBanking has yet to reach maturity, according to #WFTR2019. The financial se… 27 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit PayU acquires Turkish startup @iyzico_com #digitalpayments #fintech https://t.co/GCBAUcaNvC 27 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit EU to Increase Access to High-Quality Data for #Blockchain, #AI Projects https://t.co/ROfiA7X6hR via @cointelegraph 27 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @KYC_Ltd: #ThrowbackThursday to our win as "Best RegTech Provider" in the #FlorinAwards at the @EuroPaySummit! On our blog, we take a cl… 27 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @PaymentCounsel: Whitepaper: One year after #PSD2 What has happened since PSD2 and #GDPR were introduced, and why financial services fi… 27 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit Always a pleasure to catch up with leading minds in #fintech during our #europeanpaymentsummit editions. @dgwbirch,… https://t.co/uIKHUrZJrT 28 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @PaymentCounsel: Consumers are wary of #bankingtechnology Rate of consumers adoption of latest #banking technology does not necessarily… 29 weeks ago
  • Also interesting
    Alignment of Real-Time Payments Across International Borders
    Written on 22 April '19 by
    READ MORE
    Meet the Florin Awards Europe 2019 Nominees
    Written on 17 April '19 by
    READ MORE
    David Birch, Consult Hyperion: "We need national strategies to manage the transition to cashlessness"
    Written on 16 April '19 by
    READ MORE
  • News