See you at Open Banking World Congress: 24 & 25 May 2022

Open Ecosystems

6 min read

Updated at Fri Apr 29 2022
See you at Open Banking World Congress: 24 & 25 May 2022

Who should read this:

Banks, fintech, API consultants and tooling providers, financial inclusion advocates, regulators, anyone with an interest in how open banking and open finance ecosystems can grow to benefit everyone.

What it’s about:

The Open Banking World Congress hybrid conference is happening on May 24th and 25th in Marbella in Spain and online. Platformable Director, Mark Boyd, and Open Banking/Open Finance analyst, Phuong Pham are attending. The agenda and activity highlights are detailed.

Why it’s important:

The Open Banking World Congress has a diversity approach to community building that elevates underrepresented voices in the industry. It provides a great platform to hear those industry leaders’ insights on the values that the open banking ecosystem can offer, and the challenges that stakeholders face in this transformation. It helps identify best practices to develop an open ecosystem (banking, finance, everything), where everyone can participate and benefit.

 

A New Hybrid Conference Format

A lot has happened in the Open Banking industry since the last time we met. The threat of COVID-19 has greatly reduced our in-person interactions over the past two years, forcing most conferences into an online space. Recently COVID infection rates have decreased, though we understand safety concerns are paramount, which is why we’re excited about the Open Banking World Congress new hybrid conference format. The conference will take place on the 24th and 25th of May in Marbella, Spain with pre-recorded virtual sessions to follow. 

The in-person portion will be held at the Don Carlos Resort & Spa, with a majority of the conference taking place on outdoor stages to increase safety precautions. Spain’s COVID infection rates are low and as a bonus, the outdoors events will let attendees enjoy Marbella’s pleasant spring weather. Platformable Director, Mark Boyd, and Open Banking/Open Finance analyst, Phuong Pham, will be there—with masks on while indoors. We encourage those in Europe and the UK to join us.

 

Open Banking World Congress Activities We’re Looking Forward to

The Open Banking World Congress approaches community building by elevating underrepresented voices in the industry. A commitment to diversity representation is something we’re passionate about at Platformable, which is why we’re proud to be a strategic partner of the conference.

During the two full days of events, industry leaders from top banks and fintech will host panels on current and forecasted open banking trends and discuss the open banking landscape’s effect on payment institutions. We’re especially looking forward to the Banking on Change and Great Idea but How are You Going to Make Money From It? panels.

Panel: Banking on Change

This panel on 24 May at 10:00 CET gathers top banking insiders from Citi, HSBC, Societe Generale, Natwest and ANZ Bank to discuss what’s next in banking and current influences on the sector. These banks, some of which we’ve discussed in previous Trend Reports, are leading the way to bring a variety of innovative new solutions to the open banking landscape.

Bank nameDescriptionNumber of known fintech API consumersLatest Innovations and activities of notes
ANZ BankAn Australian retail bank, offering both open and premium APIs to third party providers8

ANZ is accredited as both data holder and data recipient under the Consumer Data Right (CDR).

Aside from complying with the CDR rules, the bank also offers premium APIs to their merchant customers.

CitibankRetail banking part of the US-based investment bank, offering both open and premium APIs7

Citibank has an API catalogue that it can leverage to partner with third party providers in offering whitelabel financial products and services.

Qantas Airlines for instance used 40 APIs of Citibank Australia to power its Qantas Mobile Money app, aiming to drive brand loyalty. 

The app now also allows users to manage their white-labelled cards offered by Citibank

HSBCA UK-based investment bank and member of the CMA9, offering open and premium APIs, as well as enabling whitelabel products under a Banking-as-a-Service (BaaS) model59

Created a new developer portal in 2021, allowing improved API integration.

Broadened its BaaS capabilities with HSBC Global Wallet,a wallet offering multiple currencies for users to make and receive payments like a local

NatwestA UK-based retail and commercial bank offering open APIs, premium APIs and partner APIs50

Launched a Global Open Finance Challenge in collaboration with leading banks from around the world to encourage API innovation. 

Launched a Climate Change Hub to track consumer and business carbon footprints

Societe GeneraleA France-based retail bank offering open APIs, premium APIs and BaaS products15

The acquisition of Lumo, a renewable energy crowdfunding platform, allows Societe Generale to drive product development in the sustainability space.

Treezor, a BaaS solution provider acquired that the bank has acquired, has also recently launched BaaS solution in Germany

 

Panel: Great Idea, But How are You Going to Make Money From It?

This panel will take place on 24 May at 16:45 CET on one of the venue’s three outdoor stages. The five-person panel, comprised of top fintech CEOs and CCOs, is chaired by Ben Nadel, co-founder of the UK fintech founder’s group, SHIFT. The panellists will discuss making money and ways to create returns on open banking for the CMA9—the UK’s nine largest banks and building societies.

As much of fintech is still in its nascent stage, it will be interesting to hear what these industry leaders have to say about commercial opportunities with open banking. In our Open Banking and Open Finance Q1 2022 Trends Report, we tackled the lack of variety in customer segment ideation and the importance of financial inclusion in the open banking and open finance ecosystem, so we’ll be listening closely to learn how banking returns can also benefit underbanked populations.

Source: Platformable's Q1 2022 Open Banking Open Finance Trends Report

 

Meetings and Roundtables

To further encourage community interaction, the conference will host a series of one-on-one meetings and roundtables, as well as a networking get-together at the end of each conference day. We’re looking forward to meeting Gravitee—whom we’ve worked with on API Complexity Survey—in person for the first time. APIMetrics—whom we’re looking to release some content with in the future—are also attending.

Virtual Events

Though we hope to see you in person, the Open Banking World Congress is also hosting virtual events for those who aren’t able to attend. Some of these online events will include new pre-recorded sessions, case studies and regional outlooks. To make virtual attendees feel like they’re a part of the action, the Open Banking World Congress also plans to host a series of live interviews and debates with event speakers, for attendees to interact with as they watch. 

We’ll also be following up on the conference with reports based on interviews and outreach that Mark and Phuong will be conducting in person. 

As COVID-19 infection rates continue to decrease, we hope this will be the first of many hybrid and in-person conferences. If you’re interested in attending, please let us know, as we have a discount for our community members. 

We hope to see you there!