The journey from open banking to open finance… and beyond?

Alistair Brown, VP, Open Banking and Payments, EPAM Systems, Inc.Open banking, now active in multiple jurisdictions across the globe, was initially driven hard by the UK within the strictures of EU regulation, with other non-EU countries subsequently re-interpreting its central thinking for the specifics of their local markets. This has created the foundation for embedded finance, which will now evolve further towards open finance, and eventually open data.  Open banking and embedded finance Open banking, an...