The Power of Sharing (or Not)

Embracing Open Banking

This week we spotlight Open Banking, Global Instant Payment Trends, and X (the app formerly known as Twitter).

Would you like to see the expanded version of this round-up? Visit our Substack page here to subscribe and receive the full article every week in your mailbox.

These are the articles and insights our team is excited about this week:

• Global instant payment systems are rapidly transforming the financial services landscape. The Fed has taken live its FedNow Service, and there have successful pilots completed by Swift and leading banks - enabling 24/7 international transactions and end-to-end traceability. However, this is just the beginning of the journey, according to Jason Mikula - and we agree.

• This interesting article from Tearsheet discusses Open Banking's potential to transform financial use cases, empowering consumers and expanding market reach by implementing robust data-sharing systems, while also comparing its different approaches in Europe and America and addressing the regulatory landscape.

• Our team is closely watching the developments on X, the app formerly known as Twitter. As speculation on the app’s trajectory grows, it is particularly exciting for us to see the likely hood of payments being introduced into the platform - a nod to one of our key themes: Embedded Finance.

What’s UP this Week?

In this edition, David Milligan and Avinash Singh look at the recent developments in Open Banking in the US. Watch the team discuss the implications, and journey, here:

Would you like to learn more? Follow this link to the American Banker article mentioned in the video.