Variable Recurring Payments (VRP) - The Game Changer? | OBE Campfire - Sept. 2021

Now that the CMA has mandated the UK’s nine largest banks to implement Variable Recurring Payments (VRPs) for sweeping, Customers will be entitled to make automatic transfers of money between accounts using Open banking. This regulatory move made by the CMA and OBIE can be a real game-changer.
But what does VRPs for sweeping mean for innovation and competition? Would VRPs-powered user-cases be likely to become the new constant over the next year? Has it gone far enough?
Join us at our upcoming campfire where we will discuss one of the hottest Open Banking topics of the season!
Guest Host
Oliver Smith - Managing Editor at AltFi
Speakers
Jim Wadsworth, Open Banking Lead at Mastercard
Alan Ainsworth, Head of Policy at OBIE
Duncan Barrigan, Chief Product Officer at GoCardless
Lars Truin, Head of Product at Wise
Dan Scholey, COO at MoneyHub
Kat Cloud, UK Policy Lead at Plaid
Stephen Wright, Regulation & Standards Lead Bank of APIs at Natwest
Stay connected with the community:
LinkedIn - / open-banking-excellence
Twitter - / obe_global
Website - openbankingexcellence.org/
Helen Child, Founder of Open Banking Excellence - www.openbankingexcellence.org...
What is Open Banking Excellence (OBE)?
Open Banking Excellence (OBE) is the world's leading community of Open Banking and Open Finance pioneers. It's an industry 'campfire' that brings together FinTechs, banks, industry participants, regulators, BigTech companies and legal advisers to learn, share stories, spark debate and collaborate.
Our mission is to be the authentic voice representing a global movement of like-minded experts who through collaboration provide technical, regulatory and legal insight into Open Banking and Open Finance and their wider implications for a dynamic, innovative and fast-growing financial sector.
We believe Open Finance will help build a better world through financial inclusion, social change and by providing greater control and choice to us all.

[@shashibhanu9008]

Thanks for the session. May i ask What is the difference in VRP in open banking version 3.1.8 and 3.1.9 ?