Infographic: one year of open banking
Ahead of open banking’s one-year anniversary, the Open Banking Implementation Entity (OBIE) provides a cool and concise infographic.
Imran Gulamhuseinwala OBE, Trustee of the OBIE, says: “Two years ago, open banking was regarded by many as a typical compliance exercise championed only by a handful of fintech – more tech spend driven by compliance rather than business case or customer need. This is no longer the case. Banks have very firmly moved from viewing open banking as a compliance exercise to an opportunity to compete and innovate.”
He adds: “I am confident that 2019 – post March and the implementation of v3 of our standards – will bring a mobile-enabled and frictionless customer journey.”
