Open Banking: Difference between revisions
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imported>Doug Williamson (State APIs focus of initiative.) |
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1. ''UK Open Banking project'' | 1. ''UK Open Banking project'' | ||
A UK government-sponsored initiative to: | A UK government-sponsored initiative focused on an open standard for Application Programming Interfaces (APIs) for UK banks to: | ||
*Increase competition and innovation in and around banking to improve outcomes for customers; and | *Increase competition and innovation in and around banking to improve outcomes for customers; and | ||
*Thereby support the fintech industry in the UK. | *Thereby support the fintech industry in the UK. | ||
Revision as of 09:52, 12 April 2017
Banking competition
1. UK Open Banking project
A UK government-sponsored initiative focused on an open standard for Application Programming Interfaces (APIs) for UK banks to:
- Increase competition and innovation in and around banking to improve outcomes for customers; and
- Thereby support the fintech industry in the UK.
2. Similar initiatives in other jurisdictions.
