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Is Open Banking self-defeating? And how do we fix it?

On Jun 4, 2020
@FINTECHCircle shared
Is #OpenBanking self-defeating? 🛠️ And how do we fix it? https://t.co/IliawiRqzo via @FintechDirect @TonyFintech @TribePayments @AlexReddish #finserv #fintech #banking #innovation #technology
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The easy availability of APIs was supposed to create a level playing field, drive competition, ignite innovation and avoid the potential security nightmare of screen scraping, writes Alex Reddish, CCO, Tribe Payments. One neobank claimed it could sign up ten million customers a year ...

www.fintechdirect.net
On Jun 4, 2020
@FINTECHCircle shared
Is #OpenBanking self-defeating? 🛠️ And how do we fix it? https://t.co/IliawiRqzo via @FintechDirect @TonyFintech @TribePayments @AlexReddish #finserv #fintech #banking #innovation #technology
Open

Is Open Banking self-defeating? And how do we fix it?

Is Open Banking self-defeating? And how do we fix it?

The easy availability of APIs was supposed to create a level playing field, drive competition, ignite innovation and avoid the potential security nightmare of screen scraping, writes Alex ...

Open Banking in the UK – giving power back to consumers

Open Banking in the UK – giving power back to consumers

It was in August 2016, when the UK’s CMA had issued a ruling to the biggest banks in the country – to give direct access to their databases to licensed fintech companies – specifically the ...

Banks are changing APIs at short notice highlights a failing of open banking standard

Banks are changing APIs at short notice highlights a failing of open banking standard

Why are the high street banks changing APIs so regularly and at such short notice?

Open banking could be ‘very positive’ for financial advice business

Open banking could be ‘very positive’ for financial advice business

Stakeholders are calling for a government-led framework similar to those implemented in other jurisdictions in recent years

Is It Finally Time for Open Banking’s Debut in America?

Is It Finally Time for Open Banking’s Debut in America?

Institutions have resisted cooperating with third parties to open their consumer bases to outsider, but more use of APIs may unlock the door.

Fintechs divided on screen scraping ban

Fintechs divided on screen scraping ban

Some are calling for screen scraping to be banned while others argue it will hurt the fintech industry.

Data Science is not Rocket Science: Why We Need an "Apple for Data Science"​

Data Science is not Rocket Science: Why We Need an "Apple for Data Science"​

Remember when spreadsheets on a PC were something mysterious, reserved only for the nerdiest of nerds? Or playing music on a DiskMan instead of a WalkMan? Or on an MP3 player instead of a ...

Open Banking vs. Screen Scraping: looking ahead in 2019

Open Banking vs. Screen Scraping: looking ahead in 2019

The sharing of customer transactional data in the UK will undergo a significant change in September

On-Demand Webinar: Unlocking the Opportunities and Navigating the Challenges of Open Banking

On-Demand Webinar: Unlocking the Opportunities and Navigating the Challenges of Open Banking

Open Banking is underway in Australia and New Zealand, with Australia’s four major banks enabling consumers to share account and transaction data with the service providers of their ...

Ping Identity Completes FAPI Conformance Testing By Enhancing Security For Open Banking

Ping Identity Completes FAPI Conformance Testing By Enhancing Security For Open Banking

Ping Identity, the provider of Identity Defined Security, announces its successful completion of the Financial-grade API (FAPI) conformance testing, as part of the process defined by Open ...

PayThink As mobile apps proliferate, data protection has to keep up

PayThink As mobile apps proliferate, data protection has to keep up

Banks and third parties must work together to safeguard data being shared when a customer uses mobile apps.

Ping Identity, Utilized by Many of the CMA 9, Passes FAPI Conformance Test as UK Open Banking Adoption Grows

Ping Identity, Utilized by Many of the CMA 9, Passes FAPI Conformance Test as UK Open Banking Adoption Grows

Company Completes Successful Testing of Financial-Grade API Conformance UK Banks and Related Sectors Can Better Secure Applications and Accelerate Data Sharing for Fintech Innovators Now ...

BankThink As mobile apps proliferate, data protection has to keep up

BankThink As mobile apps proliferate, data protection has to keep up

Banks and third parties must work together to safeguard data being shared when a customer uses mobile apps.

What is Web Scraping and Why You Should Learn It?

What is Web Scraping and Why You Should Learn It?

At last, we also explored web scraping jobs in Google and YouTube, to find out how many jobs requiring web scraping skills and what are the other requirements, in addition to knowing web ...

Big banks' clampdown on data puts Silicon Valley apps on alert

Big banks' clampdown on data puts Silicon Valley apps on alert

The fight has implications for thousands of so-called fintech startups aiming to disrupt parts of the traditional financial world.

What Can Companies Do to Stop Being The Next “Facebook” Data Breach?

What Can Companies Do to Stop Being The Next “Facebook” Data Breach?

(Interesting there is no mention yet of LinkedIn, they stopped people “scraping” the data and are being sued by the data scraping company. And just like we cannot say certain words (quite ...