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Open Banking Europe and the European Third Party Providers Association agree co-operation pact

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Open Banking Europe and the European Third Party Providers Association agree co-operation pact 05 March 2021 Source: Open Banking Europe Today Open Banking Europe (OBE) and the European Third Party Providers Association (ETPPA) announced a Mutual Cooperation agreement had been signed to foster collaboration, enhance industry understanding and establish a framework for sharing information between the two organisations. The Mutual Cooperation Agreement formalises and strengthens the interaction and existing relationship between OBE and the ETPPA at a strategic level, focusing on providing guidance and clarification on the operational aspects of PSD2 in Europe.

Temenos AG (via Public) / Open Banking a Global Revolution in Progress, Finds Economist Intelligence Unit Report for Temenos

Press Releases, February 23, 2021 Temenos - Company GENEVA, Switzerland - FEBRUARY 23, 2021 - Temenos (SIX: TEMN), the banking software company, today published a new report Open banking: revolution or evolution? written by the Economist Intelligence Unit (EIU) and based on a survey of over 300 global banking executives. It finds that nearly half (45%) are set on transforming their business models to become digital ecosystems and almost a third (29%) have strategies for open bank hub initiatives. While banking data is beginning to flow, according to the report, the global revolution in open banking is a work in progress and customer experience and confidence are key to unlocking its true potential.

Open Banking A Global Revolution In Progress, Finds Economist Intelligence Unit Report For Temenos

<ul> <li><span><i>Nearly half (45%) of global banking executives are set on transforming their business models to become digital ecosystems</i><i>&nbsp;</i></span></li> <li><span><i>Open bank hub initiatives, giving customers the option to connect their bank data with third-party providers, is the second most chosen innovation strategy globally, cited by 29% of respondents</i><i>&nbsp;</i></span></li> <li><span><i>This independent report discusses open banking strategies across regions based on data from over 300 senior banking executives, half of whom are C-suite</i></span></li> </ul>

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