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.
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.
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.
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.
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.