www.riskcompliance.biz Open in urlscan Pro
136.144.171.244  Public Scan

Form analysis
3 forms found in the DOM

POST https://www.riskcompliance.biz/wp-comments-post.php

<form action="https://www.riskcompliance.biz/wp-comments-post.php" method="post" id="commentform" class="comment-form">
  <p class="comment-notes">Your email address will not be published. Required fields are marked *</p>
  <div class="form-group comment-form-comment">
    <label for="comment">Comment</label>
    <textarea class="form-control" id="comment" name="comment" cols="45" rows="8" aria-required="true"></textarea>
  </div>
  <div class="form-group comment-form-author"><label for="author">Name <span class="required">*</span></label> <input class="form-control" id="author" name="author" type="text" value="" size="30" aria-required="true"></div>
  <div class="form-group comment-form-email"><label for="email">Email <span class="required">*</span></label> <input class="form-control" id="email" name="email" type="text" value="" size="30" aria-required="true"></div>
  <div class="form-group comment-form-url"><label for="url">Website</label> <input class="form-control" id="url" name="url" type="text" value="" size="30"></div>
  <p class="form-submit"><input name="submit" type="submit" id="submit" class="submit" value="Post Comment"> <input type="hidden" name="comment_post_ID" value="45692" id="comment_post_ID">
    <input type="hidden" name="comment_parent" id="comment_parent" value="0">
  </p>
  <p style="display: none;"><input type="hidden" id="akismet_comment_nonce" name="akismet_comment_nonce" value="8af7883f33"></p><button class="btn btn-primary btn-lg" type="submit">Submit</button>
  <p style="display: none;"></p> <input type="hidden" id="ak_js" name="ak_js" value="1701078237922">
</form>

POST

<form method="POST" class="cm_ajax_widget_form" id="cm_ajax_form_2">
  <input type="hidden" name="cm_ajax_action" value="subscribe">
  <input type="hidden" name="cm_ajax_widget_id" value="2">
  <p><label for="cm-ajax-name">Name:</label>
    <input class="widefat" id="cm-ajax-name" name="cm-ajax-name" type="text" placeholder="Name:">
  </p>
  <p><label for="cm-ajax-email">Email:</label>
    <input class="widefat" id="cm-ajax-email" name="cm-ajax-email" type="text" placeholder="Email:">
  </p>
  <p style="width: 100%; text-align: center;">
    <span style="display: none;" class="cm_ajax_success">Great news, we've signed you up.</span>
    <span style="display: none;" class="cm_ajax_failed">Sorry, we weren't able to sign you up. Please check your details, and try again.<br><br></span>
    <span style="display:none;" class="cm_ajax_loading"><img alt="Loading..." src="https://www.riskcompliance.biz/wp-content/plugins/ajax-campaign-monitor-forms/ajax-loading.gif"></span>
    <input type="submit" name="cm-ajax-submit" value="Register">
  </p>
</form>

GET https://www.riskcompliance.biz/

<form role="form" action="https://www.riskcompliance.biz/" id="searchform" method="get"><label for="s" class="sr-only">Search</label>
  <div class="input-group"><input type="text" class="form-control" id="s" name="s" placeholder="Search.."><span class="input-group-btn"><button type="submit" class="btn btn-primary">Search</button></span></div> <!-- .input-group -->
</form>

Text Content

Contact
Nederlands  |  English  |  Français  |  Deutsch  |  Italiano  |  Polski  | 
Română  |  Български  |  česky a slovensky


Toggle navigation
 * News
 * Events
 * Whitepapers
 * Education
 * Jobs
 * Books
 * Knowledge base


ONE IN THREE NATIONS NOW ON THE OPEN BANKING JOURNEY, KONSENTUS STUDY SHOWS

03 November 2023
Knowledge Base



--------------------------------------------------------------------------------

A new study from the Open Finance technology and advisory services provider
Konsentus has found that there are now more than 65 national open banking
programs globally. Konsentus has updated its Global Open Banking and Open
Finance Map to include richer data on the evolution of open banking across the
world. It reveals that open banking, the new wave of financial data access, has
reached a significant milestone, with 68 countries (representing 35% of the
world) either live or in development. The Konsentus study showed there is a
clear regulatory push towards open banking, with 64% of open banking initiatives
being mandatory via legislation.

Only four markets are currently pursuing a market-led approach and 26% of
initiatives lack formal regulation but have strong regulatory support and a
centralised program approach.

The hybrid approach has started to emerge as popular, particularly across Asia.
However, the analysis shows there is no ‘one size fits all’, with each
jurisdiction taking a slightly different approach to their implementation to
meet local requirements.

In addition to assessing whether markets are regulatory, hybrid or market-led,
the map now categorises countries based on whether their ecosystems are live or
in development. It also reflects if the market is focused on open banking or has
pivoted to open finance.

Mike Woods, CEO, Konsentus, said: “Given that open banking is in its infancy,
the fact that 35% of the world is pursuing an open banking program is testament
to its relevance and importance in the global financial digitisation agenda. We
anticipate this number will continue to grow and that open banking testing and
implementation will intensify in 2024. Konsentus has become much more rigorous
in its criteria for this important asset to reflect the real development on the
ground. As such, we have introduced a hybrid category as well as showcasing
which markets are open banking vs open finance vs open data. The map will
provide a valuable guide for the industry to track progress and spot new
developments.”

Open banking has become an undeniable force reshaping the global financial
sector and is among the key drivers towards unlocking substantial value in the
financial ecosystem.

In markets where open banking has already been implemented, there is a clear
movement towards increasing the scope of data access requirements towards open
finance or even open data. Open finance permits third parties to access a wider
range of data on additional financial products a customer may hold, such as
insurance, mortgages, and investments. With the EEA having embarked on the
journey to open finance, this number has increased significantly since 2022.

A key region to watch is the fourteen countries that make up the Eastern Europe
and Central Asian Network (EECAN), with over 50% of the Network having a live or
active program. Asia, and in particular Southeast Asia, is also ramping up
activity and by 2025 this region will likely include new jurisdictions
throughout 2024.

Open banking can contribute to various policy objectives and enable broader
access to innovative products and services for citizens and businesses.
Regulators and central banks regard it as a foundational pillar of their
objective to encourage competition in the financial sector and stimulate
national fintech ecosystems.

Leave a comment
Facebook
Google+
Twitter
Linkedin



RELATED ITEMS

--------------------------------------------------------------------------------

Open Banking: Will it be a tango or a ‘Danse Macabre’ for Fintech and Banks?
Continue reading...
Open banking – a bespoke solution for responsible iGaming
Continue reading...
Banking in 2035: Banks face a defining moment
Continue reading...

--------------------------------------------------------------------------------


LEAVE A REPLY CANCEL REPLY

Your email address will not be published. Required fields are marked *

Comment
Name *
Email *
Website





Submit




NEWSLETTER

Name:

Email:

Great news, we've signed you up. Sorry, we weren't able to sign you up. Please
check your details, and try again.




RISKCOMPLIANCETV




EVENTS

07 Dec
Airmic Manchester Business Networking Event Two New Bailey Square, England




08 Dec
International Integrity Conference Madurodam, The Netherlands




14 Mar
Chief Litigation Officer Summit The Las Colinas Resort, USA





OUR BLOGGERS

 * Lieve LowetEU Affairs consultant and lobbyist
   
 * Elina Karpacheva Chair of the European Compliance Centre based in Sofia,
   Bulgaria
   
 * Ahsan HabibSenior Analyst, AML Operations
   
 * Michael AmadoLawyer in Paris / Lawyer in Canada
   
 * Alex MovchanAlex Movchan CIA CICA CFE is the President of the Institute for
   Internal Controls - Central and Eastern Europe
   
 * Elena PykhovaElena Pykhova is a thought leader, influencer and founder of a
   think tank, Best Practice Operational Risk Forum.
   
 * Daniel VaknineCEO and Partner of Visslan
   
 * Nancy MehradAuthor and the CEO and Founder of Registrant Law Professional
   Corporation
   


WHITEPAPERS

 * 1
   
   How to find the right whistleblowing solution for your organisation
   
   The message is clear: organisations must be held accountable for their social
   and environmental footprint. Therefore, it’s inevitable that speaking up
   becomes the next social…
   
   
   
   Download whitepaper
   
 * 2Risk in Focus 2024
   
   Economic uncertainty has driven the perfect storm of interlocking risks
   described in last year’s Risk in Focus in new directions in 2023.
   Organisations are now…
   
   
   
   Download whitepaper
   

All whitepapers
Search
Search
All rights reserved © 2023 Risk & Compliance Platform Europe   |  
 * Disclaimer