SWIFT ’s Open Banking Working Group ( EBA OBWG) has called for banks and service providers to collaborate on innovative and secure data sharing, to better serve business customers. With B2B platforms able to leverage transaction data flowing through their respective platforms to better serve business needs, the competitive advantages of strategic partnerships are becoming increasingly evident. It suggested digital consent management and data exchange standards be developed to ensure 29 data sharing works at scale. Ahead of ISO20022 messaging standards, cross-platform monitoring tools also feature in EBA Clearing ’s plans for the large-value EURO1 and RT1 instant payment services, enabling users to look across service activities and liquidity positions. A proof-of-concept liquidity dashboard developed with The European Banking Association was demonstrated at Open Banking Working Group ’s conference in ISO20022 .
SWIFT ’s Open Banking Working Group ( EBA OBWG) has called for banks and service providers to collaborate on innovative and secure data sharing, to better serve business customers. It suggested digital consent management and data exchange standards be developed to ensure 29 data sharing works at scale. Ahead of ISO20022 messaging standards, cross-platform monitoring tools also feature in EBA Clearing ’s plans for the large-value EURO1 and RT1 instant payment services, enabling users to look across service activities and liquidity positions. A proof-of-concept liquidity dashboard developed with The European Banking Association was demonstrated at Open Banking Working Group ’s conference in ISO20022 .