From open banking to open finance and beyond: The future of financial data-sharing
Open finance is expanding data-sharing beyond banking, reshaping payments, lending, and financial services worldwide.
March 18, 2025
Open finance is expanding data-sharing beyond banking, reshaping payments, lending, and financial services worldwide.
Open banking faces rising fraud risks, demanding industry-wide collaboration and smarter security solutions to build trust and resilience.
Payments Association has released a report, “Transforming the UK’s Payments Infrastructure,” proposing a revamp of the UK’s payments. The paper argues that the current system of account-to-account (A2A) payments hinders
An independent paper setting out how to build commercial parity between card scheme and account-to-account rails that creates better outcomes for consumers and merchants. From a group of members of
Open banking in the UK has yet to fulfil its potential, with apparent division between banks and fintechs regarding how best to proceed and establish viable commercial models.
Join Tony Craddock, Director General and Founder of the Payments Association, for a deep dive into the evolving landscape of open banking with industry leader Marion King.
In this episode, Marion shares her insights from a distinguished career that has significantly shaped the UK’s payment sector, from introducing Faster Payments to her influential role as CEO of Vocalink and beyond. As the current Chair and Trustee of Open Banking Limited, Marion discusses the transformative impact of open banking on the UK economy, the pivotal developments expected in 2024, and the challenges and opportunities ahead.
With nearly 13 million payments enabled by open banking and a growing user base, this conversation illuminates the critical role of collaboration, innovation, and regulation in driving forward a data-shared economy and the importance of open banking as a public good. Tune in to understand how the UK positions itself at the forefront of this global movement, ensuring sustainable, fair, and innovative financial services for all.
