Open Banking: Is it a fit for government?
The second version of the EU regulation Payment Services Directive (PSD2) requires that banks made financial data available under customer direction. The result is Open Banking. Open Banking can deliver financial data, on request, and under user consent, to services. This can be used to give government services assurance that a citizen is legitimate by sharing bank checked data. It can also be used to facilitate payments.
This session will look at where Open Banking can be used in government services. It will also debate the pros and cons of Open Banking in a government context.