The CMA 2017 Order laid down the foundation of Open Banking in the UK. The Order mandated nine incumbent banks (CMA9) to develop a secure channel based on common and open technical standards for sharing their customer transaction data with …

Open banking is an emerging and evolving concept, it brings both opportunities and challenges to banks. Despite its anticipated transformative role in changing the financial services landscape and delivering superior value to the customers, the …

Open banking is a framework where consumers and businesses can share their banking data with third-party providers through secure channels. Starting in the United Kingdom, open banking is on the rise in many countries. Thanks to open banking …

The recent developments in regulation, ICT technologies and purchase and consumption habits of customers are profoundly changing the competitive scenario of the financial services market. In particular in the European context, PSD2, although …

The main goal of this research is to examine the application of innovative open banking models and services through the lens of the end users. Many countries have already started the process of writing regulations for open banking and its assorted …

The paper is aimed at scrutinizing the fundamental rules applicable to the open banking ecosystem and the provisions on innovative payment services (account information service and payment initiation service), with specific reference to the access …

Financial inclusion as a means to achieve the Sustainable Development Goals has been at the center of attention of international financial institutions, policymakers, and academia. The recent advancement of FinTech, enabled by Open Banking …

In diesem englischsprachigen essential untersucht Autor Markus Bramberger die Entwicklung von Open Banking und entsprechender Finanzprodukte in Europa. Dabei beantwortet er Fragen zu spezifischen Szenarios als Alternative zu traditionellen Finanzanbietern. Vor dem Hintergrund dieser herausfordernden und risikoreichen Entwicklung, die zugleich neue Geschäftsfelder in der Finanzbranche eröffnet, erfährt der Leser die grundlegenden Fakten über Open Banking und aktuellen Fintech-Themen.

It is only in recent years that the concept of open banking has become more common. A term that cannot be defined by simple explanations. Open banking programs attempt to profitably exploit disruptions in post-PSD II payment traffic.

This study investigates whether risk of bank default intensifies with globalization and what are the driving forces behind such escalation. A balanced panel of sixty-four countries for 1996–2017 is formed, and countries are grouped according to …

Central banking today is believed to be a fundamentally technocratic endeavour mainly based on macroeconomics. Due to the fact that the deliberation about monetary policy making in central banks is usually not accessible, the actual process of …

With its over-reliance on compliance by the reporting entities through various reporting obligations, the present anti-money laundering framework has failed to produce the desired result of curbing financial crime and recovering laundered money.

Open Banking seeks to increase competition and customer choice, disrupting the incumbent banking sector and empowering individual and business consumers to own and dictate the use of their financial data. By utilizing technology to rebalance …

Open banking enables individual customers to own their banking data, which provides fundamental support for the boosting of a new ecosystem of data marketplaces and financial services. In the near future, it is foreseeable to have decentralized …