Simon Bleher supports companies from the creation of their strategies to their actual implementation with a focus on business architectures and digitalization. Since his studies of Business Informatics at the University of Zurich, he has been building bridges between business and IT and also connects companies with each other.

Open Banking and the (Eternal?) Crucial Question: Market-Driven or Regulated?

For a good four years now, open banking has been a topic considered relevant by the Swiss financial industry. This was triggered in particular by the EU regulation PSD2, which became valid for all member states in 2018 and was subsequently implemented. Various players have been working on this topic since then, but implementation is progressing slowly.For this reason, the State Secretariat for International Financial Matters (SIF) feels compelled to make a clear announcement. Regulation seems to be getting closer.

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Open Banking Summit 2020 – Opportunities and Implementation Scenarios for Open Banking in Switzerland

Recently, the Swiss Bankers Association published an overview that outlines the status of open banking in Switzerland and formulates requirements for its further development of open banking. These requirements include the clear strategic positioning of Swiss banks and the joint development of standardized APIs for data exchange between financial institutions and third-party providers. The aim of this overview is to “support the dialogue in the financial center”, as Richard Hess writes in the initial contribution to the blog parade of the Swiss Bankers Association. The Open Banking Summit of the standardization initiative pursued the same goal on September 10th, with various presentations focusing on these two requirements.

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