The European Banking Association’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. “Banks should be able to share customer information with each other in a way that is secure, transparent and easy to use,” said the group’s president, John Cryan. 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 SWIFT was demonstrated at EBAday’s conference in Munich.
The European Banking Association’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. “Banks should be able to share customer information with each other in a way that is secure, transparent and easy to use,” said the group’s president, John Cryan. 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 SWIFT was demonstrated at EBAday’s conference in Munich.