WhiteSight

The Future Of Financial Services Will Run On Open Rails

Table of Contents

2021 was a year of great progress for Open Banking across the EU and UK. The regions witnessed strong growth both in the volume of API calls and the number of third-party providers (TPPs). The sector also got a shot in the arm with the FCA’s removal of the 90-day re-authentication rule and the Competition & Markets Authority (CMA) mandate for Variable Recurring Payments (VRPs).2022 is proving to be the year Open Banking grows in its scope – geographical and functional. As we looked in our Open Banking report earlier this year, 100+ countries have either introduced or are considering Open Banking regulations. This year, we see significant movement in the US, Australia, India, Brazil, Bahrain, Saudi Arabia, the Philippines, and Nigeria. On the functional side, Open Banking seems to have grown much beyond the banking industry, with Open Finance and Open Data Economies coming into the mix. Open Banking has created an innovation engine for next-generation financial and lifestyle experiences. It is also acting as one of the tailwinds to propel embedded finance experiences that allow non-banks to embed financial products with their core offerings.In this post, we open the door to the many activities unfolding under the umbrella […]

This post is only available to members.

Already a subscriber? Log in to Access

Unlock this blog

Gain exclusive access to this blog alone.

Radar Subscription

Select a membership plan that resonates with your
goals and aspirations.

Not Ready to Subscribe?

Experience a taste of our expert research with a complimentary guest account.

We publish new research regularly. Subscribe to stay updated.
No spam. Only the best in class fintech analysis.



    Related Posts
    BaaS-Backlash-Featured-Image
    Complimentary Research

    The Meteoric Rise of BaaS Models in the Modern Financial Landscape In 2011, Marc Andreessen penned an influential essay claiming,...

    OF-Roundup-A2A-Payments-Featured-Image
    Complimentary Research

    No More Hoops: A2A Payments Unleashed with Open Banking “Hi, you’ve reached our customer service, please wait while we connect...

    Emfi-Europe-Featured-Image
    Complimentary Research

    From Groceries to Policies: Europe’s Embedded Endeavours Brands and digital platforms across Europe are integrating financial products, refining user experience...

    EmFi-Roundup-2023-Featured-Image
    Complimentary Research

    Shop, Ride, Bank: Your Favorite Apps Now Double as Financial Hubs! If finance ever had a wardrobe change—Embedded Finance would...

    2023-Roundup-Cardsuing-Featured-Image
    Complimentary Research

    The Chronicles of Cardnia: PSPs Reshape Card Issuance in 2023 Ever tried getting a customised card from a traditional bank?...

    Saudi-OB-Featured-Image
    Complimentary Research

    Symbiosis in Action: Saudi Arabia’s Open Banking Renaissance In the quest to build vibrant, diversified economies beyond the oil horizon,...

    Select currency
    WS_Logo_-for-White-BG-01.png