Life after JROC: What else is happening in Open Banking?
Open Banking Excellence (OBE)
Global centre of community and knowledge driving change in Open Banking/Open Finance through content and connections.
The Joint Regulatory Oversight Committee’s report was the biggest news in our sector for many months. Yet it’s not the only story in town, so here are some news, updates and announcements from our community.
Ladies & Gentlemen, Open Banking Pioneers,
The Open Banking Excellence (OBE) community has been eagerly awaiting the publication of the Joint Regulatory Oversight Committee (#JROC) report for what seems like an aeon. In April, JROC finally gave us a glimpse of the future of Open Banking and Open Finance in the UK. Read our summary blog to understand the full implications of the JROC report.
In the pre-JROC era, another very important report shone a light on the British financial technology ecosystem: The Kalifa Review of UK Fintech. We spoke to Sir Ron Kalifa to discuss why the UK Open Banking sector stands out internationally, identify regulatory best practices and explain why we must “shift our approach to reflect the needs of a maturing and increasingly competitive industry”. It’s a must-watch!
Of course, JROC is not the only news in our fast-moving industry. Read on to find out everything that has been happening in our community during April and what’s coming up as spring turns to summer …
The Money 20/20 countdown has begun…
We enjoy a special media relationship with our friends and collaborators at Money20/20 , which starts on 6th June 2023 in Amsterdam.
Thanks to the amazing M20/20 team, we can now offer everyone in the Open Banking Excellence (OBE) community the chance to buy tickets at a reduced price.
When you book M20/20 tickets at this link, just use the code OBEX200 to save €200.
Nuapay - a GoCardless company ’s best use case
Their Perfect Gift has pioneered a pre-paid “grocer card” powered by Nuapay’s Open Banking payment services enabling them to offer rewards to consumers as they do their weekly shop.
How do you encourage customers to change their habits and swap traditional cards for pre-paid loyalty cards?
Find out in a short clip from our interview with Thish De Zoysa , Founder of Their Perfect Gift, which has now got over 20,000 views.
Congratulations to Innovate Finance
Three cheers for Janine Hirt and the Innovate Finance team! This year’s Innovate Finance Global Summit #ifgs2023 was an incredible event and a huge success.
One of our highlights was my conversation with Marion King , chair and trustee of Open Banking , which was held just hours after the JROC report was published
Meet OBE in person
Conference season is here and we have a busy month ahead which will be spent out and about around the UK. Please be sure to come and say hello!
On 4th May 2023, Open Banking Excellence (OBE) and FinTech North will join forces to fly the flag for Britain's ecosystem and set out ideas on how to move forward at the Open Banking Summit in Manchester.
I will deliver opening remarks and host a panel discussion on credit affordability, lending and Open Banking data. The event also features inspiration and analysis from a range of incredible pioneers including Marion King , Paul Stoddart , Andy Sacre , David Hendry MBA FCIM and many more. Book your tickets.
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I will also be taking part in the PSR’s Annual Plan 2023/24 stakeholder event in London during a session to discuss what’s on the horizon for payments on 9th May 2023. The event will be chaired by Natalie Timan , Head of Strategy, Analysis and Monitoring at Payment Systems Regulator and run from 09.15 to 09.55.
Finally, I will be attending ePay Summit on the 17th of May 2023 to take part in a panel discussion entitled “Payments as a Service – Opportunities presented by Open Banking”.
And that’s not all. I took part in a discussion at the TISA Annual Digital Conference on Wednesday 3rd May 2023, joining Liz Brandt , John Fitzpatrick , Vaughan Jenkins , Faith Reynolds and Charlotte Crosswell OBE to talk about smart data and “the benefits of an open data economy”.
Countdown to the Consumer Duty
The Consumer Duty comes into force on the 31st of July. To start the 90-day countdown, we will gather leaders and pioneers around our virtual campfire to discuss how the industry is set to change, what firms need to do to meet the incoming deadline and what opportunities will open up as a result. Join us on Thursday, 18th May at 4 pm.
Did you miss our VRP Campfire?
Everywhere we go, people are asking about VRP. What are the commercial models? How will liability work?
We tackled these important questions and many more at our Campfire in April, featuring a very revealing fireside chat with Raffaele Brusco , Senior API Growth Manager leading VRP commercialisation at the NatWest Group (a bank that’s a true VRP pioneer). Catch up on all the fiery debates of our #VRP Campfire.
We're the best-kept secret in PR....until now!
OBE is behind some of the biggest global stories in #fintech. We’re at the heart of the Open Banking and Finance community and have the edge when it comes to positioning you as a leader in the sector. We can create bespoke packages tailored to your strategic PR requirements to keep you red-hot relevant and build your brand.
We’re here to help you shout about your innovations and successes in Open Banking. Get in touch to find out how our bespoke PR services can turn your thinking into thought leadership and bring your message to the world.
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Gender diversity is an unsolved challenge for fintech and Open Banking. Our #passthemic is addressing the issue by shining a light on the inspiring women working in our sector.
We’re asking both men and women to encourage the female talent around them to step forward and let their voices be heard.
Together, we can make a difference.💜
And it’s what belonging to a community is all about…
Best wishes,
Helen Child & your OBE team