From Open Banking to Open Finance: What Does the Future State Look Like?
Deciphered: The Fintech Podcast
The Potential of Open Banking in Banking
The adoption from the banks has been probably differs in terms of the maturity the bank and the success of their technology implementations. Getting the nine largest banks to agree on a common set of standards was always going to be a challenge. And obviously that led to significant delays around the implementation of open banking here in the UK as we see today. Some organizations have really used this as an opportunity to say, listen, we're going to have to do this anyways. This is a fantastic opportunity for us to deal with a whole bunch of legacy technology issues that we've been facing for decades. I think there's a phenomenal opportunity for banks to play in that space.
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