EP772: The promise of open banking – broken or just not yet fulfilled?

Martynas Bieliauskas, Chief Executive Officer, Klarpay AG

Open banking in Europe has promised much but has it delivered on expectations? Not yet, according to Martynas Bieliauskas, CEO of Klarpay. A veritable explosion of transaction and asset types together with a fragmented global payments landscape that encompasses a variety of infrastructures and regulator environments has left open banking struggling. Robin Amlôt of IBS Intelligence speaks to Martynas Bieliauskas about what open banking currently offers and what it should be offering.