Open banking and Development impact bond: Difference between pages

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(Create page - source - GO Lab - https://golab.bsg.ox.ac.uk/the-basics/social-impact-bonds/)
 
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''Banking competition''.
''Social concerns - development - financing.''


(DIB).


1. ''UK Open Banking project''.
A development impact bond is a type of impact bond.


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.


The outcome payer will generally be a donor located in a different country from the service delivery.


One of features being developed is the freedom of the bank account holder to have their information shared with whom they choose. This will enable a corporate to collect information, such as bank balances and outstanding foreign exchange trades, from all their banks through APIs and have these reported into a central database such as a Treasury Management System (TMS).  
Donors can include aid agencies or philanthropic organisations.




2. Similar initiatives in other jurisdictions.
''(Source - Impact bonds - Government Outcomes Lab.)''




==See also==
*[[Bond]]
*[[Development ]] 
*[[Government Outcomes Lab]]  (GO Lab)
*[[Impact]]
*[[Impact bond]]
*[[NGO]]
*[[Social concerns]]
*[[Social enterprise]]
*[[Social impact bond]]  (SIB)
*[[Sustainability bond]]
*[[Welfare]]


== See also ==
*[[Application programming interface]]  (API)
*[[Blockchain]]
*[[Competition & Markets Authority]]  (CMA)
* [[Data]]
* [[Database]]
*[[Disruptor]]
*[[Financial Conduct Authority]]  (FCA)
*[[Fintech]]
*[[HM Treasury]]
*[[Open banking APIs]]
*[[Open Banking Implementation Entity]]  (OBIE)
*[[Payment Systems Regulator]]  (PSR)
*[[PSD2]]
*[[Regtech]]


==Other resource==
*[https://golab.bsg.ox.ac.uk/the-basics/social-impact-bonds/ Impact bonds - Government Outcomes Lab]


==Other links==
[[Category:Accounting,_tax_and_regulation]]
*[https://www.gov.uk/government/publications/joint-statement-by-hm-treasury-the-cma-the-fca-and-the-psr-on-the-future-of-open-banking/joint-statement-by-hm-treasury-the-cma-the-fca-and-the-psr-on-the-future-of-open-banking Joint statement by HM Treasury, the CMA, the FCA and the PSR on the future of Open Banking - Published March 2022]
[[Category:The_business_context]]
*[https://www.treasurers.org/hub/treasurer-magazine/why-open-banking-will-be-better-corporate-treasurers Why Open Banking will be better for corporate treasurers, Web exclusive, 2019]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Technology]]

Latest revision as of 07:32, 14 February 2024

Social concerns - development - financing.

(DIB).

A development impact bond is a type of impact bond.


The outcome payer will generally be a donor located in a different country from the service delivery.

Donors can include aid agencies or philanthropic organisations.


(Source - Impact bonds - Government Outcomes Lab.)


See also


Other resource

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