Regulating Open Banking around the World
summary
Overview of concrete outcomes and choices regulators make: about almost 50 countries have active or planned programs, models split into commander/architect/diplomat/advocate approaches, and real divergences in scope and enforcement — the UK forces the nine biggest banks to implement a common standard via OBIE, Europe uses PSD2 without a single spec, Mexico enshrines open banking in a fintech law covering all financial institutions and only AISPs. Practical advice: define objectives, pilot in sandboxes, standardize where possible, monitor adoption and allow post‑compliance monetization.
AI-written summary · about
chapters (16)
- 0:00Start
- 3:32Intro
- 3:58What Do We Mean by Open Banking
- 4:31Following Customer Consent
- 5:59Regulator's Involvement
- 9:08The Alternative for Open Banking
- 11:13Commander Model
- 11:30The Open Banking Standard
- 13:31Ten Key Areas a Regulator Must Look at When Considering Open Banking
- 14:33Scope of Api
- 19:13Recommendations
- 19:39Engage with the End User
- 20:21The Garage Startup Myth
- 22:12Design for Post Compliance
- 25:33Do You See any Different Impacts Depending on How the Regulation Is Made
- 26:52The Speed of Adoption
related talks
28mGlobal Open Banking Frameworks and Standards
51mPanel : Open Banking - Learnings and best Practices from UK and Europe.
37mIntroduction to essential elements of Open Banking Framework
23mIs the open banking ‘good as is’, or does it need further rules and standards?
22mOpen Banking : An opportunity, not a mandate
25mApproaches to Open Finance
56mOpen Banking: a foundation for the new world
18mOpen Banking Ecosystem – Development, Opportunities & Challenges.