Explore the evolving landscape of financial services regulation in this 52-minute panel discussion from the Milken Institute. Delve into the impact of open banking and the Second Payment Services Directive on the European Union's financial markets. Understand how these regulations aim to increase competition by enabling customers to transfer banking data between institutions. Examine the opportunities these changes present for FinTech companies to challenge traditional banks, and consider the potential disruption from Asian and American tech giants. Learn from industry experts as they discuss the implementation of new regulations, the contention for financial services, and the implications for policymakers. Gain insights into topics such as GDPR, data challenges, API governance, security concerns, and the potential for innovation in open banking across various sectors, including healthcare.
New Rules - Open Banking, FinTech, and Big Tech
Overview
Syllabus
Introduction
Open Banking
Progress
Threatening the Banks
Comparison Sites
Data Challenges
regulatory environment
payments
emerging markets
API governance
Who is furthest ahead
APIs are not the Messiah
What is an API
Are APIs standard
Aggregation services
Security and trust
People lie
Innovation from outside
Open banking in healthcare
Taught by
Milken Institute
