Open Banking payments fraud rates lower than wider UK payments industry
What's happening
Open Banking Limited's first Open Banking Payments & Fraud Monitor says fraud rates for Open Banking payments remain below wider UK payments industry benchmarks by volume. Open Banking adoption is growing while debate shifts from who controls data to how data is delivered, who pays to maintain secure APIs, and whether all data requests should be treated equally. The PYMNTS coverage frames that shift as a move from data rights or access toward data pricing and economics for Open Banking services.
Why it's trending
New monitor data plus industry commentary are reframing Open Banking from access debates to cost and delivery, making fraud and economics a fresh discussion point.
SignalNewly emerging, confirmed across 1 independent source type.
Story volume
Stories per dayAngles you could write
If Open Banking fraud rates are lower than the rest of UK payments, maybe the bigger risk is how we pay for the infrastructure, not whether it's secure.
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Original sources4
- Open Banking Moves From Data Rights to Data Pricing
Open banking has been discussed as another way to move money, where debate over who controls the data that makes those payments possible is giving way to how that data is delivered, who bears the cost of maintaining secure application programming interfaces (APIs), and whether every data request should be treated equally. Those questions are […] The post Open Banking Moves From Data Rights t
PYMNTSJul 7 - Open Banking Moves From Access to Economics
Open banking has been discussed as another way to move money, where debate over who controls the data that makes those payments possible is giving way to how that data is delivered, who bears the cost of maintaining secure application programming interfaces (APIs), and whether every data request should be treated equally. Those questions are […] The post Open Banking Moves From Access to Eco
PYMNTSJul 7 - Open banking fraud rates remain below wider UK payments industry benchmarks
Fraud rates within Open Banking payments remain below wider UK payments industry benchmarks as adoption of Open Banking continues to grow, according to the first edition of the Open Banking Payments & Fraud Monitor, published today by Open Banking Limited (OBL).
FinextraJul 7 - Open Banking payments fraud rates lower than wider UK payments industry
Open Banking fraud rates remain below wider industry benchmarks by volume, according to new data from Open Banking Limited. Source
Open Banking ExpoJul 7
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