
The Fintech & Payments Power 50 · 2026-01-30 · 47 min
Title: The Future of Open Banking: Trends and Challenges Host: David Parker , CEO at Polymath Consulting. Guest: Timo Seifert, Director Product Management at Unzer. Miroslav Pekárek, CPO at Aevi. George Parks Davie , VP of product at Brite Payments. Takeaways Open banking has reached a tipping point with increased user adoption. Consumer trust in merchants is essential for the success of open banking payments. Instant payments are revolutionizing the payment landscape. The enrolment process for open banking payments remains a significant challenge. Chargebacks and consumer protection are critical gaps in open banking. Biometric authentication could enhance security and user experience. Variable recurring payments present new opportunities for merchants and consumers. Standardization and consistency in payment practices are needed for growth. The future of payments is leaning towards account-to-account transactions. Operational challenges, such as API stability, hinder the growth of open banking.