A global comparative guide
Publication | June 2019
The UK continues to be the global pioneer in open banking through the implementation of the EU Payment services Directive (PSD2) and the open banking initiative by the Competition and Markets Authority (CMA). However, through regulatory reforms and/or market-led initiatives, many jurisdictions are now catching up.
The aim of open banking is to foster competition and innovation within the financial services industry, resulting in a better banking experience for customers, and it has the potential to transform the global banking landscape.
Working with our colleagues across the globe, we have produced a comparative guide to open banking as part of our NRF Institute, to help our clients understand how open banking is being treated in key jurisdictions and the different approaches to implementation.
You can use the guide to
To request access to the open banking guide, please register to join the NRF Institute.
Registration indicates acceptance of the terms and conditions which include important information about how our product will be delivered.
Members of the NRF Institute can access a range of premium content including knowledge hubs and cross-border guides.
On July 5, 2019, the People’s Republic of China Cryptography Law (Draft) (the Cryptography Law) was issued by the Standing Committee of the National People’s Congress, along with an invitation for submissions to be made as part of a public consultation.
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