Open Banking Europe is made up of subject matter experts and advisors to regulators, self-regulatory organizations (SROs) and national communities. He works to advance Open Banking and Open Finance. John Broxis, managing director of Open Banking Europe, will lead Open Banking Exchange globally, supported by regional directors in Europe, Latin America, the Middle East and Asia.
As stated in the press release, the OBE Consultancy and Advisory team works with central banks, regulators and market participants through:
Strategic planning: OBE works with central banks, regulators and market players to set national and local commitments and targets.
National Methodologies: OBE provides industry experts to assist with practical and operational design, implementation of industry-level governance, and technical and operational arrangements.
Standards delivery: OBE tailors standards so that they become applicable in specific jurisdictions and meet our clients’ specific objectives.
Best Practice Guides and Rulebooks: OBE’s functional standards and best practice guides enable market participants to comply with regulatory objectives.
According to the Managing Director of Open Banking Exchange, “Having a global OBE allows us to take best practices and learnings from different jurisdictions and apply them to similar ecosystems to help guide and shape development. of Open Banking and Open Banking”. financial communities around the world”.
Open Banking Exchange was founded in 2021 following Open Banking Europe, a PRETA initiative launched in June 2017 under the aegis of the European Banking Association and EBA CLEARING. The original goals of fostering innovation, competition and efficiency to increase consumer choice and improve the security of online payments are now central to the organization’s ethics and methodology.
OBE would be globally known for guiding central banks, regulators and regional communities in the operational and technical setup, implementation and functioning of Open Banking and Open Finance ecosystems.
OBE’s regional membership programs allow participants from the Open Banking and Open Finance ecosystems to meet and collaborate with the organization’s subject matter experts. Together, they proactively and jointly shape the industry, create business opportunities, solve problems and eliminate risks, concludes the official press release.
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