Open Banking, Open Source, and Open Standards

Explore the concept of Open Banking through a regulatory and policy lens in this 31-minute talk by Kevin Morris from the Large Credit Union Coalition. Gain insights into the technical standards pursued by different jurisdictions, focusing on the variations in API messaging standards. Discover how Open Banking concepts align with Open Source collaboration and learn about the shift in regulatory policy towards transparency and input. Compare and contrast Open Source and Open Standards, understanding their profound differences and implications for organizational responses. Delve into topics such as data portability, business models, consumer data standards, and strategic considerations for implementing open banking tools. Understand the differences between government-regulated and open banking, and explore the potential benefits of a unified Open Banking API standard.

Intro
Large Credit Union Coalition
Canadian Credit Union System
What do credit unions do
What is open banking
Governmentregulated vs open banking
Open Finance
Business Models
Data Portability
Demand Expansion Effect
Open Banking
Open Banking Policy
Consumer Data Standards
Open Source vs Open Standards
Why Cant We Have One Open Banking API Standard
Open Standards vs Proprietary Standards
Why should we have one open banking standard
Examples of open banking tools
Strategic considerations