Open banking and Opex: Difference between pages

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''Banking competition''.
'''Op'''erating '''Ex'''penditure.


Opex is expenditure on items which are consumed - or whose benefits are otherwise enjoyed - in the short term, generally within the current financial reporting period.


1. ''UK Open Banking project''.
Opex is contrasted with capital expenditure ('capex').
 
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.
 
 
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).  
 
 
2. Similar initiatives in other jurisdictions.
 




== See also ==
== See also ==
*[[Application programming interface]] (API)
* [[Capitalise]]
*[[Blockchain]]
* [[Capital expenditure]]
*[[Competition & Markets Authority]] (CMA)
* [[Expenditure]]
*[[Disruptor]]
* [[Expense]]
*[[Financial Conduct Authority]]  (FCA)
* [[Revenue expenditure]]
*[[Fintech]]
*[[HM Treasury]]
*[[Open banking APIs]]
*[[Open Banking Implementation Entity]]  (OBIE)
*[[Payment Systems Regulator]]  (PSR)
*[[PSD2]]
*[[Regtech]]
 
 
==Other links==
*[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]
*[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]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Cash_management]]
[[Category:Liquidity_management]]

Latest revision as of 22:14, 14 July 2022

Operating Expenditure.

Opex is expenditure on items which are consumed - or whose benefits are otherwise enjoyed - in the short term, generally within the current financial reporting period.

Opex is contrasted with capital expenditure ('capex').


See also

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