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I've got an interview tomorrow for a job in Open Banking for a certain gnarly-woods-proximal financial services provider in the South West.
Anyone work in that area? Care to share any insider nuggets of stuff I can drop into the interview to make me sound clever?
1. it's been a rather massive failure - it took way too long to come to market
2. Needs stronger government enforcement of penalties and standards
3. Some open banking aggregators have built quite nice (although niche) businesses as a layer on top of the open banking protocol (see Truelayer, Bud, Figo)
4. It is still missing features which are extremely useful (account name would be one example).
Good luck with the interview. I presume it's with Lloyds?
Pretty sure there's no singletrack behind Lloyds 😂
4. It is still missing features which are extremely useful (account name would be one example).
Useful for?
As a method of ID verification and reducing fraud. ie. if you have access to the account then it's likely you are the person or have authority to act on behalf of a business.