A global comparative guide
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Dear Tara,
The UK continues to be the global pioneer in open banking
through the implementation of the EU PSD2 and the CMA open banking
initiative. However, through regulatory reforms and/or market-led
initiatives, many jurisdictions are now catching up.
The aim of open banking is to foster competition and innovation
within the financial services industry, resulting in a better
banking experience for customers, and it has the potential to
transform the global banking landscape.
Working with our colleagues across the globe, we have produced a
comparative guide to open banking as part of our NRF Institute, to
help our clients understand how open banking is being treated in
key jurisdictions and the different approaches to
implementation.