Open Banking and Open Finance: What Role – And Benefits – For Governments?

Photo by cottonbro from Pexels
March 15, 2022
Global
Fintech

Organised by:

Open banking – which aims to boost competition by enabling third parties, such as fintech companies, to use customers’ financial data (with their permission) to develop new apps and services – is ‘set to become globally ubiquitous’, according to a recent report (June 2021). Open finance is the extension of open banking data-sharing principles across a far broader set of financial fields. Governments worldwide are encouraging its development but rolling it out at different speed and in different ways, while also themselves – at least in the case of the UK – exploring the use of Open Banking to improve the delivery of public services. This webinar will explore: what progress has been made to deliver Open Banking and Open Finance across the world? What role should and could government have to drive implementation? How can governments themselves benefit, in terms of delivering citizen services? Should – and how – can governments move faster?

Panel

Webinar chair: Ian Hall, Editor, Global Government Fintech

Ian is editor of Global Government Fintech and also writes for media including City AM and #DisruptionBanking. He is former UK director for the pan-European media network Euractiv (2011-2018), editor of Public Affairs News (2007-2011) and news editor of PR Week (2000-2007). He was shortlisted for ‘Editor of the Year’ at the British Society of Magazine Editors (BSME) Awards in 2010. He began his career in Bulgaria at English-language weekly the Sofia Echo, with his year in the Balkans (1998-1999) sandwiched between a BA in Economics and MA in Urban & Regional Change in Europe (both from Durham University).