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 Can Help Customers Track their CO2 Footprints
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.
Six Open Banking Priorities for 2019
Setting priorities is no easy task, with compliance deadlines with PSD2, bank competitors launching their own offerings and new fintech startups entering the market ever faster. Many of the banks we met recently expressed a certain confusion over what to do next and how to win the Open Banking race.
How to Regulate Open Banking?
The financial services industry is undergoing a revolution in how software solutions are manufactured and delivered to end customers. The services which we know as Open Banking enable individual customers and businesses to share their financial data with third parties.
4 Ways To Win Any FinTech Hackathon
As we are preparing for our 60th hackathon, I wanted to reflect on some of the things we’ve learned and to offer some key advice to participating startups on how to get the most out of these events.
Open Banking Mexico Bound
We travelled to Mexico City to meet with the banking regulators, banks and the private sector as part as an initiative to bring Open Banking to Mexico!
UK Open Banking: hype, hope or a strong step towards a better future for financial services?
Open banking – sounds good right? Surely open is better than closed and if open is ‘new’ then any closed previous approaches from our cumbersome Big UK banks must surely be in their interests?!
Announcing the first cross-country payment hackathon in Australia
Together with the Australian Payments Council, which counts the country’s largest financial service providers among its members, our TESOBE team will host an hackathon event over a long weekend in two locations: Sydney and Melbourne.
Understanding APIs in Banking – 2017 Report is out!
We are excited to share with you our annual report "Understanding APIs in Banking 2017" which will also be released at Money2020 Europe in Copenhagen (June 26-28).
Understanding the State of Open Banking in 2017
For the third consecutive year, we at the Open Bank Project, are excited to partner with our friends at Bank Innovation and (this year) the University of Warwick to conduct a research survey, which aims to understand how financial institutions worldwide are prioritizing API initiatives in 2017.
Hackathons take a quantum leap into the financial future
Spreading the gospel of open banking has a nice thing about it: you get to travel the world, meet extremely smart fintech entrepreneurs and experience the future of banking first-hand.
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