From Open Banking to Open Finance. What's to come?
summary
Open banking sits on PSD2 but still fragments across Berlin Group / STET / UK standards, slowing rollouts and forcing heavy country-by-country KYC/AML and API work; Bitkom data shows online banking users in Germany hit 80% and users 65+ doubled from 22% to 39%. Firms build APIs, data aggregation and payment initiation flows (Amex partners with Tink, finleap connect and FinTecSystems run platforms); early deployments enable PFM, lending and trading hooks (Trade Republic, Scalable Capital) but uptake is mostly incremental, not yet a clear consumer game‑changer. PSD3 harmonization and open data + ML are the next bets.
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chapters (15)
- 0:00Intro
- 4:10Introducing Caroline
- 6:10Europe vs Asia
- 9:35Open Banking in Europe
- 17:21The most important thing
- 18:47Challenges
- 20:56Challenges for Fintechs
- 22:47Challenges for Banks
- 26:39Examples
- 28:15Secrets
- 31:01Consequences
- 33:08Who wants to start
- 34:43Integration of financial services
- 36:03Valueadded services
- 37:58Trust
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