Our latest insights

Project Open Banking

Through Project Open Banking we have the opportunity to bring clarity, trust and innovation to the payments industry, and help deliver tangible momentum alongside claims of potential. Open banking is enabling a more efficient and cost-effective way to move money, while businesses are more motivated than ever to improve their digital journeys, grow their revenue, and reduce their costs. With the Payments Association, we can be part of the ecosystem helping to drive this change.

Jan van Vonno, Project Lead

Project Knowledge Partner:

Mission Statement:

To help create the market conditions for the successful implementation of Open Banking, by championing open finance and supporting the development of commercial frameworks and industry standards

 

Strategy & Approach 2022:

Community Activities (Encouraging awareness and adoption)

  • Develop an Open Banking Use Case Day or Hackathon for the TPA membership
  • Support the development of commercial market frameworks so that premium API propositions are scalable and accessible to the industry

 

Policy Activities (Creating conditions for success)

  • Be an active member of the open banking futures steering committee and the OB transition group, OB payments group, led by UK Finance
  • Continue to develop relationships with key standards bodies and stakeholders such as OIDF, OBIE and UK Finance to support their efforts and help build their understanding of the needs of the payments industry
  • Create a series of workshops to help develop the groups Policy Position

Project Open Banking Team

Leader

Jan van Vonno – Director of Research and Thought Leadership, Tink

Mentor

Huw Davies – Co-Founder and CCO, Ozone API

Team Members

Manish Garg – Managing Director, The Banksly

Emma Hunter – Payment Acceptance Manager, Post Office Limited

Andrew Churchill – Security Consultant & Researcher, Technology Strategy

Leigh Garner – Head of Industry Relations, Discover

Ed Ashead-Grant – General Manager & Director, Payments, Bottomline Technologies

Thomas Bull – Associate Partner, EY

Yaprak De Beaufort – Head of Strategy and Business Performance, Visa

Nick Adams – Director, Open Banking, Modulr

Dan Jones – Special Counsel, Baker Botts

Paul Seaman – Business Development and Product Director, Pennies

Use case videos

Here are some shorts clips from our members Ordo, Bottomline Technologies, Tink as well as non-members Ecospend and Minna explaining their use case/open banking story and how it is solving a problem for their business. You can find these videos in our latest Use Case Guidebook published in partnership with Discover Global Network.

Open Banking Interviews

Ahead of the Payment Association’s Open Banking Use Case Guidebook published in October 2021, we spoke to 5 companies offering innovative products and solutions in the open banking arena. In these videos, Robin Eatwell of Polymath Consulting, interviews executives from Accountscore, Ecospend, Minna, Ordo and Snoop about their product use cases and how it is improving the payments experience for their clients and customers. Thanks to Discover Global Network for supporting this initiative. You can also find the transcripts of the interviews below.

Recent Media

Open finance and premium APIs: unlocking the untapped potential for the payments industry

Tune in to hear our expert panel explore the broad definitions of Open Finance and how it differs from Open Banking, where Open Finance can create huge value for businesses and consumers Our speakers then steer the conversation towards fundamental questions the industry is eager to answer, such as; Is there an appetite for moving on beyond the current regulatory scope? What can be achieved with Variable Recurring Payments? And finally, what do we need to do to get Open Banking payments further adopted in the UK? Speakers: Jan Van Vonno – Director of Research, Tink Huw Davies – Co-Founder and CCO, Ozone API Fliss Berridge – Co-Founder and Director, Ordo David Lambert – Commercial Director, Transact365 Frank Breuss – Co-Founder and CEO, Nikulipe

Navigating the Ocean of Opportunities for Corporate Payment Cards

Find out the ground-breaking technologies, key strategic considerations, and optimal routes to achieving greater corporate card penetration in this whitepaper.

Power to the People: How Open Banking is transforming how we access and manage our money

This guide is the perfect overview of how Open Banking is bringing opportunities to our industry and impacting the experience of the end-user.

How can Open Banking pave the way to Open Finance?

Our Webinar on "How can Open Banking pave the way to Open Finance?" was hosted on the 21st of October 2021. Our expert speakers discussed the challenges and opportunities of the implementation of Open Banking, what the future landscape may look like, the growth of Open Banking globally and what might be the key drivers for a broader move towards open finance and open data.

VRP Part 2: Where are we on this revolutionary open banking payments journey?

This month's insightful podcast is supported by Payments Association Project Knowledge Partner, Discover Global Network. Our expert speakers discussed some key and challenging questions on open banking - what are variable recurring payments? Where does it sit within open banking and what has been mandated by the CMA? Tune in to find out more!

Powering the future of payments with Open Banking - Finastra

Find out how banks can hop on the API train for a journey toward payment modernization.

Open banking state of play - Entersekt

Views from industry specialists on open banking, PSD2, where we are and where we’re heading.

VRP: The real game-changer for open payments

Our second Payments Association Insights Podcast will discuss how VRP could be the silver bullet that truly unlocks the potential of open banking for payments and the Competition and Markets Authority’s consultation on whether VRP should be a mandatory part of the roadmap.

Interview: Open Banking; Imagining a world of electronic value and financial data exchange

Day 2 of PAY360 Virtual Conference

Keynote Panel Discussion: Open Banking, Innovation and Customer Impact – What has been achieved and what does the future hold?

Day 2 of PAY360 Virtual Conference: Join our panel of experts discuss defining strategies that will enable success in the open ecosystem. What impact has COVID-19 had on the role of Open Banking? How to best take advantage of the emerging payments models?

Thought Leadership Session: Banks and PSPs – An Open Relationship?!

Day 1 of PAY360 Virtual Conference

Agile, Not Fragile: Why cultivating a ‘partnership mindset’ is key to bridging the innovation gap

An Payments Association Hot Topic Webinar sponsored by Global Processing Services "Really enjoyable discussion which will help change your mindset on the disruptive changes that are occurring in payments today." NatWest Bank Financial institutions are far more likely to collaborate than compete with fintechs, yet often struggle to interact effectively with the faster-paced, less structured fintech world.

Open Banking World Series Edition 2: UK Consumer Report Consumers looking for better payment choice December 2020

This report, based on a survey of over 2,000 UK consumers in September 2020, explores consumer perceptions on payment methods, and outlines willingness to adopt Open Banking payments in various use cases and situations.

The Payments Association's Response to HM Treasury's Payments Landscape Review

Unleashing the potential of Open Banking

This report sets out to clarify the potential of the open banking opportunity, identify what might hamper its realisation, and recommend what the community can do to unleash it.

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