Monese explains why Open Banking is much more than just a compliance exercise and the huge potential it represents for their customers
Tactical solutions or high-performing, standards-based open APIs? As different regions are adopting their own open banking standards, delivering open APIs has gained extra layers of complexity. We believe open banking doesn’t have to be complex. Sarah Holt from Monese explains what doing it well looks like and how Ozone API were able to help.
The FCA has published its Open Finance Roadmap, with key milestones beginning this year and a 2030 horizon. Banks, lenders, and fintechs face a significantly wider scope than open banking, with real commercial opportunity for those who prepare early. Here is what the roadmap says and what it means for your business.
The FCA has published its Open Finance Roadmap with specific milestones, credible use cases, and an honest acknowledgement that the UK is catching up, not leading. We break down what the plan gets right, where the real risks are, and what regulators worldwide should take from it.
In September 2024, I published Global Interoperability, making the case that open finance would only deliver on its promise if the underlying plumbing was standardised globally, not just market by market. Eighteen months later, the landscape has changed considerably. More markets. More data. More urgency. Three arguments from that piece have aged particularly well, and...