April 18, 2020

In my recent blog article I suggested that open banking applications display the characteristics of platforms such as Uber; they consummate matches among users and facilitate the exchange of goods, services or social currency, enabling value creation for all participan...

April 13, 2020


Open Banking is the disruptive concept within financial services triggered by regulatory initiatives such as PSD2 in the EU and the CMA Oder in the UK. Many other country jurisdictions are now following with similar initiatives.  It is almost impossible to...

September 7, 2018

Recent regulatory drivers such as the CMA Order and PSD2 and have provided the trigger for the opening up of banking services to third parties.  The regulator’s objective was to create a market place for increased competition from newly formed entities and to enhance t...

September 5, 2018

We have discussed how there are three layers to open banking / open everything:

  1. The compliance layer;

  2. The walled garden / gated community whereby ASPSPs share data, but via private APIs and processes; and

  3. The ecosystem, whereby ASPSPs take on the role of T...

PSD2 and the interchange fee regulation (IFR) were originally conceived as part of a payments agenda to give real competition to card-based payments.  Almost like IDEAL (the Dutch non-card-based payments scheme) writ large across Europe.  But instead it has become incr...

August 23, 2018


The advent of the PSD2 mandates Account Servicing Payment Service Providers (ASPSPs) to provide their services to Third Party Providers (TPPs). These new market players are now able to exploit such services to develop innovative services for payments customer...

August 8, 2018

When I am asked about open banking there is normally a curious dichotomy to be observed: On the one hand, the UK open banking initiative, which is agreed to be the leader in the field, has achieved relatively little. And yet on the other hand, ‘open banking’ is ‘going...

August 5, 2018

“It is not the strongest of the species that survives,not the most intelligent that survives. It is the one that is the most adaptable to change.” Charles Darwin

Triari Consulting Three Layer Model for open banking

We have previously proposed a three layered model t...

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Our Recent Posts

The Open Banking Virtuous Cycle

April 18, 2020

If Open Banking was an Uber…

April 13, 2020

The Multi-Party Open Banking Platform : An Enabler for Innovation and Competition in Financial Services

September 7, 2018

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