This week on Open Banking

New innovations in Open Banking as covered by Simon Lyons of OBIE. Click here to see the original LinkedIn post.

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  1. BankiFi – Beyond Open partnered with the The Co-operative Bank plc to deliver a banking app. late payments solving and its an Open Banking driven solution. This is quite important as it sets a very big precedent.
  2. Tink have delivered a wealth management integration with Wealthify This is a good step and a market that needs Open Banking payments and data.
  3. obconnect have launched a fix priced aggregator/Open Banking connectivity solution. No silly commitments and a fixed price model. This will energise the adoption of Open Banking for many who find the current barriers too high.
  4. HM Revenue & Customs went live with PAYE payments via OB, powered by Ecospend Fiscal use cases growing by the day and much more to come.
  5. I cannot tell you five yet, but I can say that a mass market problem is being addressed and Open Banking is the catalyst. Yesterday was a big day.

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