“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.”
We explore the details of the Instant Payments Regulation, as well as its benefits for consumers and PSPs – such as increased convenience, more innovation in the market, and reduced costs.
Discover how variable recurring payments can transform smart meter billing into a more flexible user experience – and utility providers more ways to support financially vulnerable customers.
Streamline risk decisioning as a lender to lower operating costs using data-driven, digital loan origination, affordability assessment and income verification.
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