Open Banking’s Post

OBL Head of Payments Policy, Richard Koch, spoke at the Utility Week Forum yesterday about how the UK's utilities sector could benefit from open banking account information services for improved affordability checks for financially vulnerable consumers. He also highlighted the cost and time efficiencies offered by open banking payments, including the flexibility – for both customers and firms - of variable recurring payments, a ‘Smart Direct Debit’. #UWF24 #OpenBanking #SmartData #OpenFinance #Innovation #DigitalInnovation #TechInnovation #Payments #Data #DirectDebit #VRP #Utilities Tom Luff | Harry Mayhew | Josep García Solé

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