Community Blog

PSD2 – the tip of an Open Banking API iceberg?

10 October 2018
by Neil Clarke, Market Engagement and Account Director

PSD2 – the tip of an Open Banking API iceberg?

It’s been over a year since I first blogged on the subject of open banking and it is fair to say, mainly driven through the regulatory pressures of PSD2 and the UK Competition and Markets Authority (CMA) led UK Open Banking initiative, that across Europe, much progress has been made in moving the banking industry to adopt APIs.

Though initially the driver will be compliance, for most organisations to meet payment initiation and account data services, many have taken the lead to create wider open banking service offerings via API. This isn’t just the newer fintech based banks such as Fidor and N26 in Germany, or Monzo and Starling in the UK, but larger more established banks such as BBVA are now offering a wide range of banking services via its API Marketplace.

Continue reading on Fintech Futures

Neil Clarke
Market Engagement and Account Director

Neil Clarke

Neil is focused on managing and extending Volante's European partners and channel sales relationships, and is responsible for business development with a focus on non-financial institutions/PSPs/DLT businesses.

Neil Clarke

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