Open finance, API banking, Payment Services Directive (PSD2)...the concept of open banking can be called many things. But how exactly is this technology changing the world for risk and compliance professionals today and what potential does it have to mold the profession going forward?

Join us for another episode of KYC Decoded as we welcome Alessio Balduini, CEO and founder of Credit Data Research, and Francis Marinier, former banking compliance officer and now Moody’s KYC Industry Practice Lead, who together unpack the topic of open banking and its implications for the financial industry. Key questions explored include:

• What is open banking and how long has it been around?
• What opportunities does open banking provide for risk and compliance professionals?
• What does adoption of open banking look like?
• Are there any potential risks associated with open banking?
• How might bad actors respond to the rise of open banking?

If you would like more information on open banking, be sure to check out these resources:

• Open Banking Impact Report
• Open Banking Limited (OBL)
• Credit Data Research
• "Evolution of Open Finance: A Focus on the European and Italian Landscapes", International Banker
• "Open Finance ecosystem could end money laundering in sports betting in Brazil", Games Magazine Brazil

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