OBL Trustee Marion King commented: “The Government’s National Payments Vision is hugely welcome, and rightfully identifies the role that open banking payments play in driving innovation and competition in payments. There are 11m active users of open banking and the ecosystem is already worth more than £4bn to the economy. We must now seize the opportunities before us to move open banking to a sustainable, commercial model." Read more > https://lnkd.in/egubFGPg #OpenBanking #DataBill #SmartData #OpenFinance #Innovation #DigitalInnovation #TechInnovation #Payments
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OBL’s CEO, Henk Van Hulle, was pleased to attend a panel at the MoneyLIVE conference, to discuss how open banking is disrupting the legacy payments value chain. “It’s not only customers that deserve a choice [in payments] but merchants also deserve a choice, and that’s why open banking payments are so important”. A great discussion around standardisation, harmonisation, and globalisation of standards, driving competition that deliver better outcomes for users. #OpenFinance #OpenBanking #SmartData #MLSummit24 #Innovation #DigitalInnovation #TechInnovation #Payments #Banking #Finance #FinancialServices
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What makes the 🇬🇧National Payments Vision so significant for open banking and A2A payments? 👇 Here at Token.io, we welcome the National Payments Vision and its recognition of open banking's pivotal role in enabling A2A payments that drive competition and growth. But what specifically makes the National Payments Vision — a densely packed 40-page document, released hot off the heels of this month’s Mansion House Speech — so significant (and potentially, unprecedented)? We break it all down in our latest blog post 👉 https://lnkd.in/epMGd5WS For even more in-depth analysis, download our new guide 📘 Behind the Headlines: Open Banking & A2A Payments in the National Payments Vision. #Payments #PaymentNews #A2APayments #NationalPaymentsVision
The National Payments Vision | Token.io
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#OpenBanking allowed TPPs to use customer-allowed data to develop better financial products related to #bankaccounts, transactions & #payments. As the world faces new regulations that aim to introduce Open Banking & #OpenFinance to consumers, the new financial services paradigm will extend beyond traditional banking services. Service providers will access new consumer #data pools, such as those created from investments, insurance, lending & other #financial instruments. Vlad Macovei from The Paypers shares more #opendata #regulatory trends to watch for in 2024 at https://bit.ly/42CX4yj
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Open Banking is evolving rapidly. In a recent article on Open Banking Expo, our Chief Product Officer Andy Wiggan and Kaley Addo, ACA, Head of Investment Operations at Moneybox, shared their insights on Open Banking and Variable Recurring Payments (VRPs). 📚 While significant progress has been made, challenges remain in educating users and aligning industry standards. 🤝 Collaboration and clear regulations are crucial for the successful implementation of VRPs, which could unlock further potential for Open Banking. 🚀 Stakeholders must work together to ensure a smooth transition and wider adoption. Read more here: https://lnkd.in/dxDvU2K2 #OpenBanking #Fintech #Innovation #VRP #Finance
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Open banking is instrumental in reshaping the modern financial landscape. It transforms how transactions are conducted — paving the way for enhanced efficiency, financial management, security and innovation. Open banking has the potential to revolutionize pay by bank transactions, offering numerous benefits for businesses and consumers across markets and industries. Read more about open banking and its impact on account-to-account payments in the latest Financial Tech Times article by Dwolla's CEO, Dave Glaser: https://lnkd.in/eNqMtBgw #PaybyBank #A2APayments #OpenBanking
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We’re all about empowering businesses and customers through the incredible benefits of Open Banking. 💡 Here's how we make it happen: ✔️ Customer Control: You’re always in charge! Decide what data to share, with whom, and for how long—total transparency and trust. ✔️ Seamless Integration: With secure APIs, payments are faster, smoother, and more reliable than ever. ✔️ Human Touch: Backed by a passionate team, we’re not just about transactions—we’re your partners in progress. ✨ Let’s make financial freedom a reality—together. 🌐www.blip-pay.com/sign-up/ 🌐 www.fintechio.com 📱 +44 (0) 20 4582 6484 #blippay #fintechio #openbanking #securepayments #financialfreedom
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Ben Soccorsy explains Open Banking. Open Finance and Open Data. Mastercard is leading Global Open Banking advocating for inclusion. Mastercard is committed to Financial Data Exchange and believes it to be the standard for U.S and Canada OpenFinity Open Banking Expo #openbanking #openfinance #opendata #fdx
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🚀 Dive into the world of A2A Payments powered by Open Banking with our expert Ernest Püspök at the #PayTechShow in #Budapest. Gain valuable insights and stay ahead in the evolving payment landscape. 📅 Date: April 16, 2024 🕚 Time: 11:20 - 11:40 Don't miss out! #FintechInnovation #OpenBanking #PaymentSolutions 💳🌍
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Please join me and Simon Hughes AMBCS today as we talk about how Payment Orchestration and Open Banking are the perfect combination to supercharge your payment strategy. You can register here: ➡ https://lnkd.in/eY_QTC-S #partnership #payments #innovation #openbanking
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Open Banking gives consumers better control and transparency over their financial data, making personal finance management easier than ever. emerchantpay's research shows that 21% of respondents are more likely to use Open Banking if educational resources are available, covering its benefits and security. 🏦🔒 Discover the opportunities Open Banking can provide for early adopting businesses: https://bit.ly/4dX1PH0 #openbanking #eCommerce #digitalpayments #fintech
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