The UK government has decided to remove account information service providers (AISPs) from anti-money laundering regulation, according to Finextra.
Open banking giant Plaid says the decision will be a „boon” for the industry, with European policy lead Dan Morgan arguing: „The decision resolves a long period of uncertainty for UK open banking, given there never was clear ML risks have been identified for AIS providers.„
„Now, startups will be able to innovate more quickly and bring open banking-based products and services to market much faster, ultimately to the benefit of consumers and SMEs across the UK.”
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
