Multimedia Categories: Video

Iona Bain, BBC Morning Live’s money expert, explains how open banking works, why it’s safe to share certain details with authorised apps (authorised providers are regulated by the Financial Conduct Authority), and how open banking-powered money management apps allow consumers to see all their finances in one place, helping them to stay on top of their finances. Copyright © BBC

Money 2020 Europe 2023 – Pay By Bank: A World Without Cards – key takeaways from the panel

Wrapping up Money 2020’s lively discussion on a world without cards, OBL CEO Henk van Hulle asks each panellist for their key takeaways – from industry collaboration to design powerful payment solutions; keeping customers at the centre of payment innovation; and educating consumers.

Amazon’s Director of Payment Acceptance, Megan Bramlette, explained to OBL CEO Henk van Hulle why open banking is a key part of the payment mix for the online retailer’s global customers – and the importance of industry collaboration on recurring payments.

NatWest’s Chief Payments Officer, Mark Brant, explains to OBL CEO Henk Van Hulle how the bank embraced open banking with proprietary products and partnerships, as well as the importance of customer experience.