Forthcoming Event: "Open Data and the Future of Banking" - Louise Beaumont
The Open Bank Working Group was set up by the Treasury to explore how data could be used to help people transact, save, borrow, lend and invest their money.
Louise is the co-chair and in this talk she’ll be sharing some of the insights from the work they have been doing.
Making it possible to share data that banks have historically held will improve people’s banking experience. When securely shared or published openly using open APIs, the data can be used to build useful applications and resources to help people find what they need. Customers can look for a mortgage more easily, banks can find customers matched to a new product, and businesses can share data with their accountants. This, in turn, will improve efficiency and stimulate innovation.
The OBWG has set out an Open Banking Standard, to guide how open banking should be created, shared and used by its owners and those who access it.
Learn more about the work that the OBWG do from the Open Data Institute.