Every month another ministry or central bank announces an initiative to develop, expand or enforce Open Banking or Open Finance. Countries that are now involved in Open Banking or Open Finance projects. There are stories about investments in Open Banking and Open Finance companies every week.
OBE is working with financial institutions, TPPs and regulators in many countries to help accelerate the take-up of standardised Open Banking, turning “vision into operational reality”.
As one of the leading advisory bodies working in Asia, Europe and the Americas, in this webinar, Open Banking Exchange discussed:
- What is the perception of the PSD2 impact in Open Banking
- What do we mean by terms like Market Driven or Regulatory Compliance?
- The co-existence of Schemes, the PSD2 and Premium APIs
- The Way moving forward
Europe was one of the first markets to launch a regulatory initiative that permitted and mandated Open Banking. PSD2 was published in 2017, with implementation required by October 2018. Now a review of PSD2 is starting.
Some are already labelling what comes next, a “PSD3”, while others are hoping for an “RTS2”.
With many expectations as to what it will bring, we discussed the options and approaches for the future.
