The Open Banking era is upon us. Banks are trying to implement it, Payment Processors are trying to facilitate it, and Central Banks and Policymakers are trying to regulate it. After PSD2 was introduced, Banks all over the world are in a race to introduce some form of Open Banking and be labeled as “Open Banking Ready.”
Payment Processors are coming up with innovative methods to stay in the payment loop without being left out. Central Banks are now faced with the daunting task of standardizing the Open Banking approach for a specific country or region and are thinking of novel ways to do so. All these developments lead to new opportunities for FinTech Enablers and Solution Providers across the globe.
Join in as we discuss:
- What is Open Banking?
- How Open Banking can be applied by Banks, Payment Processors, and Central Banks?
- Some use cases and real-world examples of how Open Banking is being implemented
- What to expect in 2021 in the Open Banking space
- Opportunities for Solution Providers