Open Banking is the UK Banking Industry’s means of providing a secure way for financial institutions to share customers’ account information to regulated third party providers. This access will be through the use of a secure Application Programming Interface (API) and will provide the opportunity for third party providers to build new products and services around the financial institution. This EU Legislation will be effective from January 2018.
In partnership with Danske Bank, we are excited to offer you the opportunity to collaborate with us in the field of Open Banking. We are inviting innovative thinkers who are keen to enter this new era of banking, the opportunity to compete for £60k of funding, plus access to an environment to develop a concept that will meet the Bank’s customers changing needs. Further, the winner will benefit from a package of support from Danske Bank including 12 months office space, mentoring, and access to international banking networks.
Open Banking inspires a lot of creativity and discussion on wide ranging topics, which will allow for the creation of new types of smart banking services. So, if you are an innovator, designer, creator, technologist, technician, inventor, engineer, scientist, or entrepreneur apply now with your innovative idea!
An information session on this competition will be held on Monday 22nd January 2018.
To Register please Click Here.
For further information on the application process please see the POC/Open Banking Challenge page of our website. Deadline for applications is 5pm on Tuesday 20th February.