Open Banking: Are consumers keeping an open mind?

Last September, the European Union’s regulatory requirement for banks to open up their payment accounts via application programming interfaces (APIs) came into effect. Since then, open banking has taken centre stage within European retail banking and payments. In this blog, Elina Mattila, Executive Director at Mobey Forum, shares insight into how emerging consumer attitudes may…

Producers, Distributors, Aggregators: Mobey Forum Charts Strategic Options for Banks in the Post-PSD2 Age

Given the various strategic options available to banks, the biggest challenge posed by open banking is not technological or regulatory, but organisational. Business models, commercial strategies and operational practices must evolve. Some banks may choose to take a straight compliance approach to PSD2 and retain their existing role. There are opportunities, though, to explore new…