Open Banking Europe, experts in open banking and regulatory compliance across Europe, has joined forces with its international division Open Banking Exchange to form one global OBE.
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.
The OBE Consultancy and Advisory team works with central banks, regulators and market participants across:
- Strategic planning: OBE collaborates with central banks, regulators and market participants to set out national and local commitments and goals.
- National methodologies: OBE provides industry experts to assist in practical and operational design, the implementation of industry-level governance, and technical and operational arrangements.
- Standards delivery: OBE tailors standards so that they become applicable in specific jurisdictions and achieve the specific goals of their clients.
- Best practice guides and rulebooks: their functional standards and best practice guides enable market participants to comply with regulatory objectives.
Broxis says: “Having one global OBE puts us in an unrivalled position to be able to take best practices and learnings from different jurisdictions and apply them to similar ecosystems to help guide and shape the development of open banking and open finance communities around the world.”
Open Banking Exchange, founded in 2021 following the success of Open Banking Europe, a PRETA initiative launched in June 2017 under the European Banking Association & EBA CLEARING. The original aims of fostering innovation, competition and efficiency to increase consumer choice and enhance security for online payments, are central to their ethos and methodology today.
OBE is globally known for guiding central banks, regulatory authorities and regional communities through operational and technical set-up, implementation, and the operation of open banking and open finance ecosystems.
OBE’s regional Membership Programmes enable participants of the Open Banking and Open Finance ecosystems to come together and collaborate with their subject matter experts. Together they proactively and jointly shape the industry, create commercial opportunities, solve problems and remove risk.