Open banking is transforming fraud prevention - giving banks, fintechs, and consumers stronger security measures to combat financial crime. By enabling real-time data sharing, bank-verified payments, and strong customer authentication (SCA), open banking is reducing fraud risks and making transactions more secure.

But challenges remain. As fraudsters evolve their tactics, how can pen banking continue to stay ahead of scams, identity theft, and account takeovers?

Buy Now, Pay Later (BNPL) has exploded in popularity, but is it fueling financial inclusion or creating hidden debt risks? In this episode, experts explore the impact of the role of open banking in responsible lending, and what this means for consumers and businesses.

The FCA’s Consumer Duty has moved the industry beyond mere compliance - demanding that firms focus on better customer outcomes and true consumer empowerment. This isn’t just about meeting regulations. It’s about ensuring consumers can make informed financial decisions, with products and services that genuinely serve their needs.

In this episode learn:

⭐️How VRPs can offer real competition to direct debits and card payments.

⭐️The importance of collaboration between banks, fintechs, and regulators to scale VRPs.

⭐️Commercial models, liability frameworks, and consumer protection in a VRP-driven ecosystem.

⭐️Insights from industry leaders at NatWest, GoCardless, and Token.io, and how their views align with today’s regulatory priorities.

In a world where those on low incomes often pay more for essential services, data poverty is a growing issue. The lack of a financial footprint means millions of people miss out on fair access to credit, utilities, and other key services.

But what if we could change that? Open Banking is proving that financial inclusion is possible. This podcast explores how transaction data can replace outdated credit models, offering fairer lending, better affordability assessments, and more opportunities for underserved communities.

Discover the transformative power of data sharing in this insightful OBE Campfire discussion, featuring industry leaders and experts in Open Banking and Open Finance. Dive into how Consumer Duty and the Data (Use and Access) Bill transform customer outcomes and drive innovation in financial services.

Hosted by Lord Holmes with our expert panel of Ian White, Senior Vice President Open Banking Europe, Mastercard, Dan Scholey, Chief Commercial Officer, Moneyhub, Henk Van Hulle, CEO, Open Banking Limited.

In this episode, we dive into "The State of Financial Inclusion and Open Banking in the Real World: Trends, Challenges, and Case Studies." Experts explore "Open Banking: How to Design for Financial Inclusion" and discuss "Open Banking, Ethics, and the Future of Financial Inclusion." Tune in for insightful discussions on empowering underserved communities through innovative financial solutions.