Open banking year six: JROC’s priorities and the UK’s future roadmap

On 13th January 2018, open banking was launched in the UK after PSD2 legislation forced service providers to improve customer authentication and security processes. Since then, the UK’s largest account providers were able to make the most of their financial data and securely access services from a wider range of companies that better meet their needs. Dubbed as the first major milestone in a multi-year programme that opened all payment products to an innovative market for financial services, we are now celebrating open banking’s 6th birthday. Check out the article to see what Richard Ransom, head of solution consulting for corporates at Bottomline had to say.