Open Banking Working Group panel to discuss improving banking services
Today in 'A better deal: boosting competition to bring down bills for families and firms', the UK Government confirmed that it is committed to providing an open API standard in UK banking.
The paper also hints that open APIs could become mandatory in the industry: “ensuring, using legislation if necessary, that by 2017 consumers across the regulated sectors have easy access to the data they need to find the best deals for them, and can authorise third-party intermediaries such as price comparison websites to access this data on their behalf using secure APIs.”
This Friday, 4 December 2015, some of the team working on the Open Banking Working Group (OBWG) will form a panel at the Open Data Institute to discuss improving banking services by making better use of data.
As part of the lunchtime lecture, which is open to all, panellists will discuss current trends towards openness in the banking industry, open data risks and opportunities, and early thinking in the OBWG and challenges for 2016.
Friday's event will be moderated by the ODI's Policy Associate, Peter Wells. The confirmed panellists are:
- Gavin Starks - CEO, ODI and co-chair of the OBWG
- Irene Graham - Scaleup Institute and the British Banking Association, member of the OBWG Secretariat
- Esme Harwood - Barclays
- Jack Gavigan - Gavigan Consulting, member of the OBWG Security & Authentication sub-committee
Attendance is free but seats are limited. If you would like to come along, pose questions and take part in the debate, please register to secure a place.