open banking around the world

Open Banking Around the World

Open banking has become a global phenomenon, with more than 100 countries implementing or discussing open banking regulations to enable secure sharing of financial data.1 But each country has approached open banking differently, and what works in one country doesn’t always work in another.

Some regions, like the UK, announced open banking regulations early on – their Payment Services Directive 2 (PSD2) was established in 2015. Other countries like the U.S. are moving away from an industry-led approach to a new personal data rights rule, expected to be formalized in 2024.

With different rules in different countries, navigating the challenges and opportunities and the different paths toward open banking accreditation can be confusing. That’s why we invited top open banking experts to talk about the differences and similarities between regions and highlight best practices for accessing financial data.

The main challenge for us wasn’t finding open banking experts, but trying to find a webinar time that could accommodate three panelists on three different continents with vastly different time zones.

Needless to say, we prevailed and found a time and day, and we invite you to join our webinar June 21st ET/PT/UK and June 22nd 6pm EST / 3pm PST / 11pm BST / 8am AEST.

We plan to discuss:

  • How open banking works in various countries
  • Accreditation models for accessing open banking data
  • How open banking is transitioning into open finance
  • Lending, payments, and other successful data-sharing use cases
  • Open banking milestones ahead in each region
  • Global interoperability and how to select the right partner

You’ll hear from:

  • Dr. John Harrison, A/NZ Senior Product Manager of Open Banking, Envestnet | Yodlee
  • Kat Cloud, EMEA Open Banking Compliance Principal Director, Envestnet | Yodlee
  • Jeff Schulte, US Open Banking Compliance Principal Director, Envestnet | Yodlee
  • Richard Prior, Chief Executive Officer, FDATA (panel moderator)

We hope you’ll be available to log on and hear about all the latest developments in open banking. No matter what time zone you’re in.

Register for the webinar