Viewed through the lens of the United Kingdom’s experience with open banking, it may be a long road to transformation in payments and financial services.
In the latest developments relating to the UK's open banking landscape, on 18 December 2023 the Payment Systems Regulator (PSR) released a consultation paper outlining plans for.
One of the experts, House of Lords member and technology advocate, Lord Chris Holmes, has forecast a turning point for open banking over the next year.
Key developments of interest over the last month include: the FCA publishing key findings from its multi-firm review of payment account providers’ systems and controls against money.