Management Solutions has been involved in preparing Exploring Open Finance, a publication produced by UK Finance – a leading UK organization representing the interests of more than 240 institutions operating in over 180 countries, which looks at the possibilities Open Finance could bring to the financial industry

 

A group of UK Finance members, chaired by Mr. Daniel Globerson, Head of the Bank of APIs, NatWest Group, with support from Ms. Jana Mackintosh, Managing Director of Payments & Innovation at UK Finance, and the Management Solutions team, has produced a report about the future of "Open Banking" and how by taking advantage of the digital transformation process it could evolve into "Open Finance", a paradigm in which it is presumed that consumers and businesses will gain advantages such as access to cheaper credit, greater savings benefits, or the removal of barriers in payment processes.

The Exploring Open Finance publication is available for download from the UK Finance website (https://www.ukfinance.org.uk/policy-and-guidance/reports-and-publications/exploring-open-finance).

 

 

open finance