Open Banking - Driving Change Part 1

Presented by

Andy Brown

About this talk

Open Banking and APIs are becoming increasingly important in the banking world. Legislation (such as PSD2), the growth of Fintech organizations, and consumer expectations are driving forward new ways of accessing banking and making payments. These changes are paving the way for third party providers to build applications and services that deliver a ‘complete experience’ for a specific service for consumers and corporates. However, this is a challenge for financial institutions who for decades have focused on maintaining ‘closed’ payment systems that protect their account holders’ data – and their own – at all costs. The basic principle that value can be created by sharing key data assets is a big challenge for financial institutions especially in getting the IT structures in place to allow this to happen. During this first webinar, we will discuss: -What is Open Banking -Understand the context: Why here, Why now? -What will Open Banking look like? -How could it develop? -Transaction processing requirements Make sure to sign up for part 2 in this series

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