Open banking needs more than a European directive to fulfil its promise
There could be many reasons for open banking’s tepid performance in 2020. One or two of them are as obvious as they were unavoidable, but what else is holding us back in Europe? Consumers’ security concerns or ignorance of open banking’s benefits? The seeming absence of practical, life-enhancing use cases? The lack of a common technical approach across EU member nations? All of the above?