In the rapidly expanding fields of Open Banking, where there are regulations driven by systems like the European Payment Services Directive, you have to prove your IT systems work as the regulations require – AND, just to add a little extra complexity, some of the dependencies might be entirely outside your control! But when it comes to API Compliance Monitoring, the dirty secret of most testing and DevOps strategies is that they’re more interested in being able to prove the IT systems are working at all than working the way they’re meant to be. Compliance - Can [...]

Recently, there has been a spate of interesting articles on the state of open banking in the UK. And "state" appears to be the operative word. As an openbanking.space article opines, Anyone with a LinkedIn account will see several articles a day extolling the virtues of open banking, and the potential it has to revolutionise behaviour in retail banking. The implication here is that this is all hype and, six months in, there is no revolution to televise yet: Open banking has not set the UK on fire. Which may very well be true. The HSBC app has been getting [...]

You know the future has arrived when you see an advert for it for it on an obscure Sky satellite channel. In this case, what is kicking off is the availability of apps from Account Information Service Providers (AISPs). AISPs might be as exciting or as glamorous as PISPs (Payment Initiation Service Provider). And we might debate whether they are going to change banking forever – or even why you would really want to use one. But Mint have been providing account aggregation in the US for years already and a lot of people do have multiple accounts from different [...]