Is Open Banking Dead?

Mr. Open Banking

It’s no secret that global banking is experiencing some macroeconomic headwinds. Bank failures and consolidations continue to spread, albeit slowly. The question then becomes: How do these negative trends influence the direction of open data?

Marie has been studying open consented data sharing since 2016. Through her current role as Open Futurist at Raidiam, she helps bring together the best people with the best ideas, facilitating the right conversations, and promoting the benefits of open data for consumers, businesses, countries and society at large. Eyal and Marie discuss the history of Open Future World, the current trajectory of open banking, and the shifting views of market players and regulators alike as they try to answer the burning question: Is open banking dead?

Specifically they discuss:

• The rise and fall of Open Future World
• The effect of economic headwinds
• Why some banks still hesitate to invest
• Ecosystems within ecosystems
• The Raidiam trust framework