What the panel said. What it means for your open finance risk management.
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What's in the report
This report captures what the panel discussed and what it means for the risk and compliance agenda.
Part One: The promise versus the reality
PSD3, FIDA, and DUAA are all in motion. The stated ambition - open finance at scale, across borders, consumers and business in control - is genuinely shared. The distance between that ambition and today’s reality is where the panel began.
Part Two: The fault lines
Compliance in open finance determines who can operate and grow. But regulators are, by design, vertical - they own their sector. Open finance moves horizontally. The gaps between the vertical silos, and beyond the regulated perimeter is where risk accumulates undetected.
Part Three: What actually works
If regulation provides the foundation, the market has to build on it. The panel’s third act focused on what genuine competitive advantage from compliance looks like - and on the thesis that the most important problems in open finance are infrastructure problems, not regulatory problems.
The open finance risk readiness checklist
Eight questions every Head of Open Finance, Chief Risk Officer and Compliance Lead must be able to answer.
The panel
Agnieszka Scott
Head of Smart Data
Department for Business and Trade
Todd Clyde
CEO
Token
Michael Salmony
CEO
Payments Innovation Consulting
Louise Beaumont (Chair)
Head of Marketing & Communications
Invela & Smart Data Council
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How open finance regulation is shaping - and sometimes stalling - the market across the UK and EU, and what regulators, banks, intermediaries and third-party providers need to do next.
