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August 25, 2022

Faster and Emerging Payments Q3 - Open Banking: The Emergence of Instant Payments

11:00 am ET/ 10:00 am CT

Virtual

Open Banking: The Emergence of Instant Payments

Open banking is becoming a significant source of innovation that is poised to reshape the banking industry globally. Open banking is a banking practice that provides third-party financial service providers open access to consumer banking, transaction, and other financial data from banks and non-bank financial institutions through application programming interfaces (APIs).

Unlike Europe, where the Payments System Directory 2 enables payment providers to access the Central Bank’s Payments Infrastructure, the United States requires a regulated financial institution to access the Federal Reserve System settlement capabilities. Banking in the United States has typically refrained from regulation to push innovation and standardization while instead pushing forward through mass adoption and capillarity.

This session will discuss how the push towards Instant Payments in the US, could be the spark that will allow the networking of accounts and data across institutions for consumers, financial institutions, and third-party service providers.   However, there are caveats that must be considered as there is a concern that simple data sharing also means high risk.  We will discuss the pros and cons of Instant payments & Open Banking so you have the information you need to consider appropriate options for moving forward.

Speaker: Jorge Jimenez, President - CEO, Juniper Payments

 

AAP/APRP credits 1.2

Live Session

11:00 am ET / 10:00 am CT

Member Price:$225

 

Click here to register

 

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Add to Calendar aCLuDhaqizCaPxAftmqF167204 08/25/2022 08/25/2022 true America/New York Faster and Emerging Payments Q3 - Open Banking: The Emergence of Instant Payments Open Banking: The Emergence of Instant Payments Open banking is becoming a significant source of innovation that is poised to reshape the banking industry globally. Open banking is a banking practice that provides third-party financial service providers open access to consumer banking, transaction, and other financial data from banks and non-bank financial institutions through application programming interfaces (APIs). Unlike Europe, where the Payments System Directory 2 enables payment providers to access the Central Bank’s Payments Infrastructure, the United States requires a regulated financial institution to access the Federal Reserve System settlement capabilities. Banking in the United States has typically refrained from regulation to push innovation and standardization while instead pushing forward through mass adoption and capillarity. This session will discuss how the push towards Instant Payments in the US, could be the spark that will allow the networking of accounts and data across institutions for consumers, financial institutions, and third-party service providers.   However, there are caveats that must be considered as there is a concern that simple data sharing also means high risk.  We will discuss the pros and cons of Instant payments & Open Banking so you have the information you need to consider appropriate options for moving forward. Speaker: Jorge Jimenez, President - CEO, Juniper Payments   AAP/APRP credits 1.2 Live Session 11:00 am ET / 10:00 am CT Member Price:$225   Click here to register   Virtual