El Salvador Pioneering Bitcoin Adoption: Questions, Concerns, and Complexities
President Bukele’s latest announcement of the adoption of bitcoin as legal tender has raised concerns among established stakeholders...
Driving Open Insurance Innovation in Italy
The first time I heard about Open Insurance was more than two years ago at API Days London, the [...]
Where Open Banking Meets the Decentralized Web (Web 3.0)
We’ve reached a historic milestone in the convergence of traditional banking and the Decentralized Web (Web 3.0). [...]
La Guía Completa de las API para las Instituciones Financieras
Descargar PDF El ecosistema de los servicios financieros bulle con palabras como "API" y "OAuth", los equipos [...]
Regulators: From Watchdogs to Drivers of Innovation
Can regulators keep up with the changing landscape? During the last decade, there has been enormous technological innovation in [...]
11 Years of the Open Bank Project
An idea was born In 2004, as Simon Redfern thought about corruption and its ills, he realised that we [...]
API Management in Financial Services: Build or Buy?
Opportunities and challenges arise when the finance industry adopts APIs. These new data-sharing tools promise transparency and fairness; financial [...]
APIDays LIVE London 2020 – A Summary
APIDays LIVE London is over and we’re still buzzing with energy. This edition was special. Partly due to [...]
Open Banking | 8 Challenges for Regulators
The Open Banking movement is encouraging data-sharing in the global financial services industry. Consider the number of new [...]
How to Avoid Merge Conflicts on Git
Our goal Git can resolve differences between branches/forks and merge them automatically. Unless, of course, there are conflicting sets [...]
Living with Corona. Part II – The Impact of COVID-19 on Bank Innovation
Some of the effects of the pandemic on the banking sector are evident, while others are still unpredictable and [...]
Living with Corona. Part I: How to Automate Payment Holiday Requests
"Coronavirus has impacted every continent on Earth - except for Antarctica - and its effects will be felt for [...]
How can Open Banking accelerate Financial Inclusion?
Having a bank account is a privilege. Over 1.7 billion world citizens are excluded from the benefits and entitlements provided by access to a bank account. Almost two billion people have no access to affordable financial products addressing their specific needs.
How Banks Will Empower Their Customers with CO2 Data
Raising individual spending awareness is an effective and necessary approach but there’s an obstacle: a bank’s IT systems are scattered and inflexible by nature
Aggregating or Aggravating – Will Zettabytes of data help or hinder?
Financial institutions have been forced to open up and now financial institutions want other industries to do the same so they can utilize this data for the consumer’s benefit.
The Open Bank Project in India
A few months ago I broke up with my cofounder and stopped working on our idea to build a digital credit card service for SMEs in Europe (see my blog post). Even though I find the idea still fascinating I decided to take some time off and started freelancing instead.
OBP Partnership with Energy Efficient Mortgage Initiative: Not only our logo is green!
Green mortgages are already an example of a green solution, we just want to help the world create more of them. A green sandbox has the potential to speed up green innovation, cut experimentation costs, and be of great value to investors, consumers, companies, banks, and governments.
The Four “Os” of Open Banking
Open Banking is a decentralized software development model that allows consumers and companies to share their banking information (transaction history, account balance, etc.) with third party service providers and app developers using open Application Programming Interfaces (APIs). Naturally, this only takes place with the end customer's prior authorization.
Marhaba, Bonjour and Hello Open Banking Lebanon!
I tend not to have too many preconceptions when visiting a country for the first time, but an invitation [...]
Los 4 Mandamientos de la Banca Abierta para Latinoamérica
En nuestro camino emprendedor aprendimos muchas lecciones valiosas pero fundamentalmente un conocimiento más íntimo de los sistemas bancarios y el valor de la información articulan a diario.
The Bank’s customer data is owned by the customer, right?
Customer data is very much linked to recent phenomenons like the digital economy, the Internet and the way people use it; therefore it seems that some individuals, companies, policymakers, and societies are yet to understand its market dynamics (also due to a certain degree of market opacity and the lack of regulation).
Stepping stone to the integrated digital economy
A trip through time from Mesopotamia, through the Roman Empire and all the way to our present world. A journey undertaken to understand why the model suggested by the Payments Service Directive 2 (PSD2) acts as a stepping stone to an integrated digital economy.
Kubernetes meets Open Bank Project
Kubernetes abstracts compute resources in a cleanly defined way. After all, most systems at their core ultimately bind to a port and send data across a binded port; It's unkind to reduce software solutions to this level, but that's the basic abstraction.
Open Banking in Hong Kong – a Quick Overview
I just returned from Hong Kong where our Open Bank Project team helped organise a hackathon with HSBC teams. The event was a great success, and brought students, entrepreneurs and bank employees together for a weekend of fintech innovation and software creation.
Our sandboxes are as open as our source code. Feel free to try out the APIs and connect your App to a sandbox.
To get started, you can create a free developer account on the General Sandbox here