Open Banking is the decoupling of traditional financial services in order to encourage competition between service providers and offer greater choice to end users. Already successful in India, the open banking model is beginning to accelerate in Europe. But will it ever reach the United States? And if so, what form will it take? This webinar explores open banking and looks at some of the potential implications for the payments industry.
Open banking drivers, market context, and terminology; PSD2/RTS in Europe and UPI in India; Role of NACHA and The Clearing House in U.S.; rise of open banking API gateways; Plaid case study.
To understand open banking fundamentals and potential implications for both payments-industry incumbents and fintech companies.