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Experian plc - Open banking demand triples during Covid-19 pandemic

Open banking demand triples during Covid-19 pandemic Over half of lenders have adopted open banking technology in the last 12 months. Rapid digitalisation has ushered in a boom in the use of new consumer-friendly financial tools. UK, May 12, 2021: The number of people choosing to share their data through open banking has tripled since the start of the Covid-19 pandemic, according to the latest statistics from Experian. In February, Experian’s Open Data Platform saw more than 188 million data sharing requests (up from 47 million in February 2020) – 30% of the 669 million made in the UK overall 1. Lenders are also seeing the benefits with recent Experian research finding that 57% of lenders have adopted open banking technology in the last 12 months, helping people manage their finances in more fluid and intuitive ways online.

Open Banking Expo Awards Launch to Recognize Excellence Across the Sector – Bankless Times

Open Banking Expo Awards Launch to Recognize Excellence Across the Sector Open Banking Expo launches its awards scheme to celebrate the significant progress of open banking across the global financial services sector. Equifax is the launch partner of the scheme. The ceremony will take place in London, UK on July 15, and the scheme is now open for entries. The entry deadline is May 28 and they can be submitted via www.openbankingexpoawards.com. Open banking has driven the most significant digital transformation shift in financial services in recent times to stimulate competition, drive innovation and offer consumers and businesses alike greater control in managing their finances. 

CIBAFI – ICD Webinar Focused on the Important Role that Open Banking Presents for Growth and Development of Islamic Banks - Brazil Business Today

CIBAFI – ICD Webinar Focused on the Important Role that Open Banking Presents for Growth and Development of Islamic Banks - Brazil Business Today
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CIBAFI – ICD Webinar Focused on the Important Role that Open Banking Presents for Growth and Development of Islamic Banks

Content provided by Last updated: 09/03 - 10:10 The General Council for Islamic Banks and Financial Institutions (CIBAFI) and the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-idb.org) have launched the first series of their joint webinars. CIBAFI – ICD Webinar on “ Open Banking: A Driving Force for Islamic Banking Growth and Development” was successfully held yesterday. Fintech has revolutionized the global financial industry – it has not merely changed the way consumers interact with their banking institutions, it has also upended long-established business practices and internal workflows. CIBAFI Global Islamic Bankers’ Survey (GIBS) 2020 Report revealed that one of the two financial technologies that stand out as an area in which Islamic banks expect to have effective implementation within their operations is Open Banking.

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