How to comply with the four outcomes and three cross-cutting rules of the Duty to achieve higher standards of consumer protection The Consumer Duty is a major shift in expectations for the financial services industry. It places a huge responsibility on firms to understand customer needs, deliver good outcomes, and also support customers to meet […]
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Author: Anu Widyalankara, Director | Payments Strategy & Technology at EY. The payments sector is currently experiencing accelerated innovation and disruption. Payment rails – the processes, platforms, networks, and infrastructure that facilitate the movement of money – are undergoing significant changes driven by a wide range of actors including banks, regulators, governments and even consumers. […]
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Dr Anthony Evans, Founder of Open Banking Delivery, discusses a pioneering project which aims to use the techniques of Open Finance to drive financial inclusion for small farmers In the five years since Open Banking went live in the UK, we have seen many interesting use cases emerge. We are also now seeing early adopters […]
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Brian Hanrahan, Chief Executive Officer, Nuapay (an EML Payments business) argues that too much attention is paid to what VRP might become in the years to come, rather than focusing on opportunities unlocked in the ‘here and now’ by Open Banking combined with Direct Debits When the CMA mandated that the 9 largest UK banks […]
The post Is The Variable Recurring Payments (VRP) Hype Justified? appeared first on Open Banking Excellence.
To say that the Open Banking sector in the UK has been eagerly awaiting the contents of the Joint Regulatory Oversight Committee (JROC) report is an understatement. During a period where, at times, it felt like the momentum that the sector had built up was beginning to fall away, the JROC report was seen by […]
The post What the JROC report means for the future of open banking in the UK appeared first on Open Banking Excellence.
23-25th April 2024 Live Event Linkedin Twitter Youtube Money20/20 Asia About: Coming to the incredible destination city of Bangkok, Money20/20 Asia connects the Asia fintech community with the global and regional rockstars in the industry. Make amazing memories and connections at the most influential, senior-level gathering ever. Becoming a Money20/20 Asia sponsor delivers you unparalleled […]
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22-25th October 2023 Live Event Linkedin Twitter Youtube Money20/20 USA About: Money20/20 USA is the world’s biggest, most influential gathering of the global money ecosystem. From in-depth analytics to inspirational speakers, leaders walk away with business-critical insights and new connections that helps them stay ahead – powering strategies, relationships, and innovation. Money20/20 promises the clearest […]
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30th March 2023 Online Event Linkedin Twitter Youtube Future-proof your payment business About: Having led companies through transformation, Monika Liikamaa (Enfuce) and Filippa Jennersjö (OKQ8) share their dos and don’ts for companies who are at a point where their legacy systems and mindset and the change in the business landscape require rethinking and rebuilding of business models, tech, and […]
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29th March 2023 Online Event Linkedin Twitter Youtube Banking: The Changing Landscape About: Exploring how Fintech banking models have disrupted this sector and the complexities this has caused for VAT – with useful insight relevant for new and growing as well as established operators in this space. I want to Attend! Helen Child, Founder & CEO, Open […]
The post Banking: The Changing Landscape Webinar presented by Deloitte appeared first on Open Banking Excellence.
According to the FCA, the point at which people may need professional support to manage wealth effectively starts at around £10k in investable assets. In a survey of IFAs by Royal London, the average point at which an IFA would start talking to a client is when they hit £48.6k. If you’re in between those […]
The post Open Banking, Wealth Management and The Advice Gap: The global state of play appeared first on Open Banking Excellence.
