Registration and event link: https://paperjam.lu/club/event/2020-06-17-club-talk-the-ambitious-path-t
Gilbert Fridgen, Professor in Digital Financial Services / Paypal-FNR PEARL Chair at SnT, will be a panel member of a discussion about the potential development of Open Finance in Luxembourg.
Thanks to PSD2 in the EU, Europe has been leading the way with its Open banking initiatives. This significant step represents the beginning of the democratisation of the financial services industry by allowing third parties to access current account transaction information and initiate payments. There is so much more to do and Open Finance goes way beyond open banking to incorporate other products.
There is growing support for this movement globally, as is evident in the Hong Kong Monetary Authority’s open banking framework and also in the UK where the financial regulator is running a consultation on open finance.