The Banking Academy’s Post

🚪 From Closed Doors to Open Data: Why Open Banking Matters In this Future Bank Working Group teaser, we zoom out to see the bigger picture: how access to financial data has evolved—and why open banking is the modern-day answer to monopolies of the past. 💡 Just like antitrust laws a century ago broke up corporate strongholds, today’s open banking and open finance regulations are prising open the gates of financial services. 🔓 Why this matters: 🔹 Major banks no longer control who gets to innovate. 🔹 Open banking laws like PSD2 (Payment Services Directive 2) are giving consumers real control over their data. 🔹 Smaller banks, fintechs, and even non-banks can now compete on a level playing field. This 60-second clip breaks down the shift from gatekeeping to game-changing—and what it means for the future of finance. 📺 Watch now to understand how regulation is driving innovation, not holding it back. 👉 Join FBWG to access the full session and more: https://bit.ly/424sSMy 👉 Or purchase this session for $200 USD: https://lnkd.in/gfpWy2P2 John Januszczak; UBX #FutureBank #OpenBanking #EmbeddedFinance #TheAsianBanker #TABGlobal