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Summary: This podcast episode features Stefan van Colker, a Business Development Manager in the payments team at Sync. He discusses the current state of open banking in the UK and Europe, highlighting the success of partnerships in the payment space. Stefan also talks about the benefits of open banking, including customer choice, cost competitiveness, and the ability to access and utilize richer data streams. He explains how open banking can help address the cost of living crisis by providing tools for affordability checks and flexible bill payments. Stefan also mentions the potential for open banking to prevent fraud and improve customer protection.
Key Points:
Open banking is gaining traction in the payments space, with many merchants and e-commerce platforms adopting open banking payments.
Certain industries, like telecommunications, utilities, and water suppliers, are showing increased interest in open banking due to customer demand...
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