Details
August 25, 2022
Faster and Emerging Payments Q3 - Open Banking: The Emergence of Instant Payments
11:00 am ET/ 10:00 am CT
Virtual
Open Banking: The Emergence of Instant Payments
Open banking is becoming a significant source of innovation that is poised to reshape the banking industry globally. Open banking is a banking practice that provides third-party financial service providers open access to consumer banking, transaction, and other financial data from banks and non-bank financial institutions through application programming interfaces (APIs).
Unlike Europe, where the Payments System Directory 2 enables payment providers to access the Central Bank’s Payments Infrastructure, the United States requires a regulated financial institution to access the Federal Reserve System settlement capabilities. Banking in the United States has typically refrained from regulation to push innovation and standardization while instead pushing forward through mass adoption and capillarity.
This session will discuss how the push towards Instant Payments in the US, could be the spark that will allow the networking of accounts and data across institutions for consumers, financial institutions, and third-party service providers. However, there are caveats that must be considered as there is a concern that simple data sharing also means high risk. We will discuss the pros and cons of Instant payments & Open Banking so you have the information you need to consider appropriate options for moving forward.
Speaker: Jorge Jimenez, President - CEO, Juniper Payments
AAP/APRP credits 1.2
Live Session
11:00 am ET / 10:00 am CT
Member Price:$225
October
Tue
17
2023
October 17, 2023
Digital Payments – Contactless/Mobile/Faster Payments
11:00 am ET / 10:00 am CT
Webinar
November
Tue
7
2023
November 7, 2023
Origination Growth Lab (formerly Origination Boot Camp)
10am - 3:30pm ET / 9am - 2:30pm CT
Virtual Session