Panel : Open Banking - Learnings and best Practices from UK and Europe.
summary
UK open banking shows concrete progress and clear gaps: a coordinated standard and conformance regime produces real deployments for accounting reconciliation, lending and payments, while measurable rollouts drive improvement. Key outcomes include 6 million UK users (up from 5M in four months), 2.3 million HMRC transactions, £5.5bn processed after a six‑week implementation, and an ecosystem of 294 registered fintechs. Remaining issues are uneven bank limits, reauth rules, unclear commercial models and a need for better incentives and measurement.
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chapters (11)
- 0:00Open Banking panel intro
- 1:27Panelist UK journey
- 4:12UK adoption state
- 6:18Key growth use cases
- 8:25Open banking payments success
- 13:20UK vs Europe progress
- 15:07UK implementation wins
- 26:18Lessons and improvements
- 36:43Leapfrogging strategies
- 43:22Banks commercial opportunity
- 48:59Final takeaways
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