FATP (20/01) - Will open banking payments go mainstream?
I find writing a great way to synthesise and process my thoughts so I am going to try to post my take on some recent fintech news alongside some recent news highlights every two weeks.
These posts, the first of which is below, are intended to be a stream of conscious thoughts and a conversations starter, not a fully formed and researched opinion.
I think quite lot about open banking. It was one of the gateways that first exposed me to the fintech space as it was starting to sweep across Europe. My opinions, like most, have flip flopped on it’s success to date and are generally mix.
I recently collaborated with Stripe’s India Head Manjot Pahwa on a post comparing and contrasting open banking in Europe with India Stack and came away surprised with how limited the remit of open banking was initially but excited for the path ahead and the potential that could be unlocked by learning from other countries.
One of the big things in the open banking space is payments, specifically account-to-account (A2A) payments and I have been thinking about if and how these types of payments might go mainstream in 2022.
