Banks

Project

Open Bank Project API: From an idea to … the coming new banking reality!

If you haven’t heard about the Open Bank Project (OBP), then you haven’t been paying attention to the open bank API standard discussion that’s center stage in the UK or the with the PSD2. The UK government is already setting out plans to go further through an open API standard in UK banking. The whole point of the standardization is… Read more →

Ecosystem

Open Bank API Ecosystem As A Firewall Against Fintechs

The UK government is currently working with banks and Fintech firms to have a detailed framework set out for an open API standard ecosystem by the end 2015, in a move it claims will empower consumers and boost competition. (Download a PDF copy of the UK Government report here) The standardization that ensues is envisioned to allow the development of… Read more →

Secco

So, banking apps are on their way to being redundant after all?

  Chris Gledhall and Secco (bank) are on a mission. I have to admit the whole premise of doing away with banks and banking apps is ingenious! Since the advent of social media channels, banks have always had a weakness ready to be exploited. It certainly could be attributed to rigidity and an inherent unwillingness to adapt to new realities.… Read more →

Collaboration

FinTech 2.0 and the C-Word: Collaboration

Is the secret to startup success “collaboration” rather than “disruption”? Rather than wait for disruption, it is increasingly becoming evident that banks are willing to support startups to innovate within the banks’ ecosystem. So it´s now all about FinTech 2.0 and collaboration. While FinTech 1.0 and disruption made banks stop and take notice, FinTech 2.0 is all about letting banks… Read more →