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Open Finance has the potential to unlock a range of outcomes for both consumers and businesses – from accessing cheaper credit and boosting savings, to removing friction from within payment journeys.
A group of UK Finance members have been considering the future of Open Banking and how it might evolve into Open Finance and beyond. This group has been chaired by Daniel Globerson, Head of the Bank of APIs, NatWest Group, with support from Jana Mackintosh, Managing Director of Payments & Innovation at UK Finance and the team at Management Solutions. Central to these discussions is a focus on customer and public benefit in an increasingly digital UK economy, ensuring that proposed capabilities not only serve expected use-cases, but also provide a foundation for ongoing innovation.
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