Open Banking

…This means should totally shifting their model to something they've been avoiding now for years right so we can talk as much as you want us open banking but.…

…If you don't know what Yapily does, they are an open banking infrastructure platform that connects their customers to thousands of banks across Europe, allowing them to access financial data and initiate.…

…We are a unified API for open banking.…

…For me uh, I came into the fintech space, uh, back into the fintech space, scale up uh, in open banking initially at a fractional capacity, uh, doing both strategy and execution.…

…sits across the NPP in terms of new payments platforms PayID Pay 2 and the um, um real time payment settlement and that transition away from Beccs as the legacy A2A rails but also thinking about open banking and CDR as well as that potential.…

…Also like to mention about digital public infrastructure and making sure that digital public infrastructure is ready for AI agentic commerce future in particular I mean by that uh open banking payments infrastructure.…

…peaker A: ground shifted underneath the open banking model or how do you see things right now?…

…uh providers as well and we work with companies that are adopting uh technology in a similar format but where we are seeing kind of uh us heading in kind of this next phase uh as well we entered the open banking space with a whole different way of kind of helping consumers connect their accounts uh and kind of bringing it to life with lenders such as figure where we also bring is real time connectivity for their accounts and…

…So, you know, examples like uh you know possible new skinny accounts from the Fed, uh agentic commerce uh and uh and payments, I mean, obviously on-chain finance and DLT, uh, open banking uh and you know, Froster's interest in the space, they're all new change and dynamic nature of the payments business, and it all kind of goes back to people needing to trust uh, you know, the uh you know the entities…

…And then we have, you know, an app store of solutions where we have pre-vetted, pre-connected tools, but it essentially replaces open banking.…

…Instant bank transfers in the current world they are becoming a reality also for merchants so we can offer them due to open banking or providers we are working with that have such solutions well developed.…

…And you know, one theme that I think is key to this, uh, thinking about open banking.…

…So stablecoins, tokenized deposits, and, when you throw in the impact on instant payment rails and open banking, all of those concepts coming together are challenging banks in a way they've not been challenged before.…

…So continuing on that journey but effectively looking at real time payments and open banking with um, Pay two.…

…But you've also talked about open banking, open finance, maybe even that open data journey that I like to think about as we move from open banking to open finance through to open data.…

…And now it it's um it feels like the stakes are higher with um you you you're also an expert in open banking and you've done a lot of work there.…

…And so certainly in the uk, open banking replaced them with uh, what we call application programming interfaces, APIs.…

…Um, but one thing that I found really exciting was I was able to uh, listen in on the open banking panel, um, yesterday.…

…And this is at a 76 00:05:05,705 - > 00:05:08,425 time that for our younger listeners, there was no such 77 00:05:08,425 - > 00:05:12,345 thing as open banking or a way to touch data of any banks.…

…This joint effort is designed to improve efficiency, streamline processes, and support open banking initiatives.…

…So let's kind of what I'd say is the pro competitive promise of open banking.…