The future is access to all data
Much like Tink, the trustee for the UK’s Open Banking Implementation Entity (OBIE) has big visions for the future of data-driven banking. He says it’s only a matter of time until the full scope of customer data is available for fintechs to use to build innovative new products.
“Everyone agrees with the fundamental principles – that data belongs to the consumer and not to the organisation,” Imran Gulamhuseinwala told us at the Money20/20 conference in June.
“Then I think we’re going to start looking very much at other products – mortgages, savings accounts,” he says. “Then other products outside of banking – insurance and so on. And if the UK is anything to go by, we’re already having discussions about water, energy, telco, broadband, utilities – the whole gamut.”
More in Open banking
2025-06-09
11 min read
The case for “Pay by Bank” as a global term
Thomas Gmelch argues that "Pay by Bank" should be adopted as a standard term for open banking-powered account-to-account payments to reduce confusion, build trust, and boost adoption across the industry.
Read more
2025-06-02
3 min read
Tink joins Visa A2A – what it means for Pay by Bank and VRP
Visa A2A brings an enhanced framework to Pay by Bank and variable recurring payments (VRP) in the UK, and Tink is excited to be one of the first members of this new solution.
Read more
2024-11-19
12 min read
From authentication to authorisation: Navigating the changes with eIDAS 2.0
Discover how the eIDAS 2.0 regulation is set to transform digital identity and payment processes across the EU, promising seamless authentication, enhanced security, and a future where forgotten passwords and cumbersome paperwork are a thing of the past.
Read more
Get started with Tink
Contact our team to learn more about what we can help you build – or create an account to get started right away.
