Open Banking: Our view
By Jas Sidhu
2 minute read
On January 13th 2018, the radical piece of regulatory reform known as Open Banking went live, marking the dawn of a new era of hyper-competition in financial services. Open Banking will completely reshape how people spend, save, move and manage their money. It re-sets the rules in the battle for customer trust, and creates immense opportunity for established players and new entrants alike.
At Manifesto, working with our clients in the payments sector, we felt the dialogue around Open Banking was dominated by technical implications at the expense of fruitful discussion about commercial opportunities. So in March 2018, we gathered 100 people together in the Hospital Club in Covent Garden to shift the locus of the debate. Here’s what happened…