Open Banking in South Africa

Last week I met several banks in South Africa, courtesy of Ping Identity and Ubusha. Over the course of two days, I spoke to Nedbank, Absa and Standard Bank, as well as a number of challengers. I was interested to see what they thought of the work the Open Banking Implementation Entity (OBIE) has been doing in the UK to develop a standard and … Continue reading Open Banking in South Africa

Open Banking will be awesome

This weekend I’ve been helping out as a judge, alongside Megan Caywood and Will Beeson, at the Forgerock Open Banking Hackathon. This was a world first - enabling teams from across Europe to get together and build applications against a fully working reference implementation of a PSD2 Open Banking standard. I’ve learnt three things today… We’ve made a great … Continue reading Open Banking will be awesome

Ozone is the first sandbox to be certified for the Open Banking Security Profile v1.1.2

Ozone is delighted to announce that the Open Banking Implementation Entity (OBIE) has today published our certification for full conformance to the Open Banking Security Profile Implementer’s Draft v1.1.2. Commenting on this publication, co-founder of Ozone, Chris Michael, said “This certification is proof that our platform meets the required standard. We have worked hard to … Continue reading Ozone is the first sandbox to be certified for the Open Banking Security Profile v1.1.2

Brilliant example of Open Banking redirection

Here is a brilliant example of Open Banking in action. This video shows me connecting my Yolt application (which provides analytics and insights across all my accounts) to my Starling bank account. Yolt and Starling have demonstrated: A great customer experience, with no unnecessary friction. Best in class security, using Strong Customer Authentication (SCA) without … Continue reading Brilliant example of Open Banking redirection