Australian Government pushes back against bank delaying tactics on Open Banking
The Australian Government has pushed back against attempts by the country's top banks to stall the introduction of Open Banking reforms, setting a one-year timetable for the move to data sharing with third party providers.
Imran Gulamhuseinwala: Why Open Banking is the Future of Fintech
Open Banking is a big deal, with wide implications – yet it still feels like the best-kept secret within financial services. It’s not about branches opening longer – it’s about an imminent, seismic shift in the world of banking, which rebalances the relationship between businesses, banks and customers with the recognition that data has value. Imran Gulamhuseinwala OBE is a trustee of the Open Banking Implementation Entity and is responsible for the development of the common technical standards underpinning open banking.
ABOUT WIRED SMARTER
Experts and business leaders from the worlds of Energy, Money and Retail gathered at Kings Place, London, for WIRED Smarter on October 9, 2018. Discover some of the fascinating insights from speakers here: http://wired.uk/V29vMg
ABOUT WIRED EVENTS
WIRED events shine a spotlight on the innovators, inventors and entrepreneurs who are changing our world for the better. Explore this channel for videos showing on-stage talks, behind-the-scenes action, exclusive interviews and performances from our roster of events. Join us as we uncover the most relevant, up-and-coming trends and meet the people building the future.
ABOUT WIRED
WIRED brings you the future as it happens – the people, the trends, the big ideas that will change our lives. An award-winning printed monthly and online publication. WIRED is an agenda-setting magazine offering brain food on a wide range of topics, from science, technology and business to pop-culture and politics.
CONNECT WITH WIRED
Web: http://po.st/WiredVideo
Twitter: http://po.st/TwitterWired
Facebook: http://po.st/FacebookWired
Google+: http://po.st/GoogleWired
Instagram: http://po.st/InstagramWired
Magazine: http://po.st/MagazineWired
Newsletter: http://po.st/NewslettersWired
Banking on Data: Open Banking
Open Data, Open Banking: Creating a More Competitive Financial Services Ecosystem
Technological advancement and the proliferation of mobile devices has led to an explosion of data that is driving FinTech innovation. In an effort to increase competition in financial services, governments around the world are implementing data access and portability regimes to make banking more inclusive, competitive, and transparent. What can the US learn from such “open banking” efforts? In order to remain both innovative and internationally competitive, what type of data governance should American policymakers consider? What does this mean for banks, FinTechs, and Big Tech platforms?
Moderator
Melissa Koide
Founder and CEO, FinRegLab; Senior Advisor, Milken Institute
Speakers
Gilles Gade
Founder, President and CEO, Cross River
Sima Gandhi
Head of Business Development and Strategy, Plaid
Sahil Kini
Co-Founder and CEO, Setu
Craig Schachter
Global Head of Fintech Ecosystem, Finastra
#fintech #banking #bigtech
Explaining Open Banking and API Security
The open banking movement is building momentum globally. The use of open APIs enables banks to partner with Financial Technology companies to build new and better digital experiences, but is also generating massive volumes of API calls, which is causing latency and security issues and growing costs in legacy environments. F5 provides security and efficiency for the open banking initiative. Check out the video to learn more!