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Cards and Payments - Part 15 | Understanding Open Banking

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  • Опубліковано 2 сер 2024
  • #cards #payment #openbanking #paymentprocessing #banking
    Hi Everyone , In this video we will look into an new merging concept which is now very popular in the UK and European Markets. It is called Open Banking.
    It is a concept that allows financial institutions to share customer data with each other for improving overall efficiency like reducing payment fee and also providing the best value services to the customer.
    chapters:
    Understanding and Relevance of Open Banking : 00:00:09
    Key Terms and Definitions in Open Banking: 00:03:34
    Comparing Traditional Banking with Open Banking: 00:09:27
    FCA guidelines on Open Banking : 00:12:52
    Master the Cards and Payments Domain! Enroll in my Udemy course using my referral link and boost your career today
    www.udemy.com/course/understa...
    I hope you like the video. Please don't forget to like , share and subscribe with your friends as well
    Please also visit my website www.ezeefied.com for a lot more other useful resources.
    Links and Image credits:
    Photo by Markus Spiske from Pexels: www.pexels.com/photo/green-an...
    Photo by Markus Spiske from Pexels: www.pexels.com/photo/green-an...
    Photo by Pixabay from Pexels: www.pexels.com/photo/bullion-...
    Photo by Kris Christiaens from Pexels: www.pexels.com/photo/white-oi...
    Photo by Kampus Production from Pexels: www.pexels.com/photo/men-work...
    Photo by Expect Best from Pexels: www.pexels.com/photo/building...
    Latest API Reference can be found at :
    openbankinguk.github.io/read-...
    Screenshot of the news on open banking :
    www.uktech.news/fintech/open-...
    Link to CMA
    www.gov.uk/government/organis...
    Link to FCA guidelines on Open Banking :
    www.fca.org.uk/consumers/acco...

КОМЕНТАРІ • 23

  • @siddharthsingh5829
    @siddharthsingh5829 20 днів тому

    Thankyou so much...😊😊😊

  • @sanjayanand827
    @sanjayanand827 6 місяців тому

    Thank you for simplifying!

  • @moneisikopo5090
    @moneisikopo5090 8 місяців тому

    Informative video with the illustrations makes easier to follow. Please make more videos on Banking Tech and Fin Tech

  • @gosayezenebe4377
    @gosayezenebe4377 Рік тому

    Thanks once again!

  • @vikrambhaik5010
    @vikrambhaik5010 Рік тому

    great video 👍

  • @FarazAhmad-fl8xq
    @FarazAhmad-fl8xq Рік тому +1

    Hi Saurabh, thank you for this amazing series. You have explained all the concepts in a very clear and easy way. I hope this channel reaches every single person who is working in the fintech industry.
    Just one request from my side (which you can obviously reject) is to make a video on how the backend system of a payment network works, i.e. mastercard or visa etc. How requests are routed via directory server, and what are major applications(services) that come into play during an online transaction. Also, some additional information on ACS would be really helpful. 😊
    Keep up the great work! Waiting for your future uploads 😃

    • @ezeefied
      @ezeefied  Рік тому

      Hi Faraz , thanks for your feedback and encouraging words. I am glad you liked the content. There is already a video made on the topic you mentioned under 3DS authentication. Let me know how it is

  • @pooagr
    @pooagr Місяць тому

    Hi Saurab, thanks for amazing series. They are really very helpful.
    One request, if you can give some insights on BIAN - TOGAF- API

    • @ezeefied
      @ezeefied  Місяць тому

      Thank you . I will try to make something on that in future

  • @deepakchandra8865
    @deepakchandra8865 Рік тому

    Thanks Saurabh, Your videos are really very healpful !

    • @ezeefied
      @ezeefied  Рік тому

      Glad you found them useful

  • @nihalshetty6073
    @nihalshetty6073 Місяць тому

    Please create a complete comprehensive list of videos on Open banking just the way you have created videos on payment

    • @ezeefied
      @ezeefied  Місяць тому

      Great suggestion . what topics do you think should be covered in this list ?

  • @sohiniroy8315
    @sohiniroy8315 Рік тому

    Hi Saurabh,
    Thank you for such an easy videos on payments. I am interested in knowing more about real time payment flow,what are new PISP/AISP in EU and how can payment processes can be improved in a ecommerce/business.

    • @ezeefied
      @ezeefied  Рік тому

      Yeah Sohini. Those are interesting areas . I will see if I can make something on those

  • @jyshaikh
    @jyshaikh 6 місяців тому

    Thank you for your video. This is useful. However I'm still not able to find out the benefit for Bank. ❤

    • @ezeefied
      @ezeefied  3 місяці тому +1

      Cross selling opportunities

  • @venelinkabakchiev9942
    @venelinkabakchiev9942 Рік тому

    Hi Saurabh, thanks for all the content you are putting out. To your question: could kindly delve deeper into Open banking (i.e. APIs, etc.)? That would be great help for us :)

    • @ezeefied
      @ezeefied  Рік тому +1

      Hi Venelin , honestly that’s in the agenda but it’s just that currently trying to cover various areas horizontally :) but hopefully sometime soon should be able to delve deeper into OB

    • @venelinkabakchiev9942
      @venelinkabakchiev9942 Рік тому

      @@ezeefied Thank you Saurabh!

  • @priyankshah8
    @priyankshah8 Рік тому +2

    Pls dive deeper into subject.

  • @raginidubey3764
    @raginidubey3764 Рік тому

    Please share information on cross border payments

    • @ezeefied
      @ezeefied  Рік тому

      Hey Ragini ! Is there anything in specific in cross border payments you are looking at