Insights
Here are some of our thoughts on the latest open banking industry news, trends, advice and even some of our expert opinions.
Open banking for charities: the immense benefits and powerful advantages
In this article, we highlight some of the key benefits of open banking and how charities can take advantage of this through our unique open banking...
The Criticism Against Open Banking and Why It Should Be Embraced
OPEN by Eliga’s Head of Product explores criticism aimed at open banking, asking if banks are creating unnecessary barriers in their customer journeys. ...
OPEN by Eliga April open banking insights
New Strong Customer Authentication (SCA) rules came into effect resulting in retailers losing millions in sales. Consequently, industry experts discussed...
Open banking and consent
Consent is a vital aspect of open banking. It puts customers in the driving seat, giving them full control of their data. Financial data belongs to...
OPEN by Eliga March open banking insights
In March, our feed was full of news related to the Competition and Markets Authority (CMA). VRPs and open finance are important topics in 2022 as the...
Is open banking safe?
Open banking is a safe, government-led initiative. A regulated TPP accesses users’ data with their consent to share their data via a secure communication...
OPEN by Eliga February open banking insights
February was a month of great significance. Open banking passed 5 million users and neobanks, like Revolut and Zopa, took measures to help the people of...
Open banking adoption
From HMRC to Experian, the use cases are both numerous and widespread as open banking adoption increases across the ecosystem. At the end of 2021,...
OPEN by Eliga January open banking insights
2022 was off to a strong start as the OBIE celebrated a milestone of 4.5 million users. Open banking growth remains solid and cumulative. According...
What are the benefits of open banking?
Are you ready to put your customers in the driving seat? Open banking isn’t just a buzzword. It gives users greater control over their financial data and...
OPEN by Eliga December open banking insights
As 2021 came to an end, OPEN by Eliga's open banking news feed was dominated by the proposed reform to the 90-day rule and Amazon’s announcement that it...
What is an open banking API?
When it comes to innovation, particularly in Financial Services, open banking APIs are essential. They allow third-party companies and financial...
OPEN by Eliga November insights
In November, the open banking community talked about the CMA’s decision to delay the sweeping timetable. Wealth management also attracted attention, thanks...
How did open banking start?
If you’ve just started to explore open banking solutions, it may seem like this technology has come out of nowhere, but it hasn’t. It’s come off the back...
OPEN by Eliga October insights
In October, HSBC announced it will launch its Banking-as-a-Service (BaaS) offering with NetSuite. According to Finextra, ‘The two firms will embed...
The legacy of Sir Grayburn: HSBC’s data-led future
HSBC’s Chief Data Officer, Kate Platonova highlights the importance of board-level backing for a truly data-led approach. Speaking at London Tech Week, she...
OPEN by Eliga September insights
In September, the open banking community was inundated with news about TrueLayer. JP Morgan Chase and Starling Bank grabbed headlines as the banks expanded...
The data generation
OPEN by Eliga's Head of Product, Chris Noakes explores the data generation from headline-grabbing news to shifting attitudes. Data is a powerful...