Triggered by one neobank boss’ claims that open banking has failed to encourage people to switch accounts, how we measure the success of open banking continues to be a hot topic of debate.

Last week open banking celebrated its 4th birthday, an exciting milestone for the industry.

Being a data driven company, we want to support our customers in making informed decisions. The best decisions are not made in isolation but take into consideration the entire ecosystem. We operate in a regulated environment and as such the state of regulation remains a key consideration for all of us. This newsletter aims to do exactly this: provide you with an eagle’s eye view of the key regulatory developments in the UK and the EU.

The UK Finance ‘Open Banking Future State’ report looks at the evolution of the Open Banking ecosystem beyond the final roadmap. The future of Open Banking and how the ecosystem needs to be supported as we move forward to Open Finance and Open Data is of paramount importance for the industry and regulators. But what does the future funding model look like? And what does this mean for the fintech community?

A PSD2 deadline is fast-approaching - and while it’s focused on making payments more safe and secure throughout Europe - it has raised questions on data access and the impact it has on consumers and businesses.

Here we explain the background and different approaches to data access.