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March 2, 2021 @ 11:32 pm By JD Alois
UK Finance has published a proposal for a “new service company” that will support the UK’s open banking infrastructure, according to a public statement. UK Finance is described as the collective voice for the banking and finance industry representing over 250 firms in the UK.
Last year, UK Finance suggested a model which would see the continuation of open banking functions moved into a new service company as the final stages of the
Competition and Market Authority’s (CMA) implementation roadmap. The publication,
Open Banking Implementation Entity (OBIE).”
The “Future Entity” is a yet-to-be-labeled company that may usher in this transition. According to the document the mission is as follows:
Architect (5+ years of experience) Future Firm (www.future-firm.org) is an architecture and design research practice based in Chicago. Founded in 2015, Future Firm’s work spans diverse scales: from installations to residential and commercial buildings to urban and landscape speculations.
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