Open Banking Expo 2019: Vested interests prevent international adoption

Ties of interest, ignorance, and fear are affecting the international expansion of open banking as other jurisdictions aim to create their own versions, according to Tony Craddock, director general of the Emerging Payments Association (EPA).

The payment panel at the Open Banking Expo

Speaking at a panel at the Open Banking Expo in London, Craddock says that even in interested regions like Singapore, regulators are more inclined to create their own copy of Open Banking. “‘Not…

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