About this Episode
In the episode of “Unveiling Finance” our esteemed guest Nilixa Devlukia, Chair of the Open Finance Association, talks about the evolution from Open Banking to Open Finance in the UK and EU. Nilixa provides insights on regulatory challenges, the need for a national payments strategy, and the importance of building customer confidence through consistent experiences. The conversation also explores potential use cases, challenges for smaller banks, and the role of Variable Recurring Payments (VRPs) in driving adoption. Nilixa advocates for a fair commercial model, and standardised rules, and emphasises the need for concrete action in 2024, including implementing commercial VRPs and establishing a clear roadmap for the future of open banking standards. This comprehensive discussion offers listeners a valuable overview of the current state and future directions of Open Banking and finance.
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Guest Bio
Nilixa Devlukia is the Chair of the Open Finance Association and founder of Payments Solved, a regulatory consultancy advising on the regulatory framework for CBDC, crypto assets, open banking, and payment services both in the UK, EU and globally. Nilixa is a lawyer by training and an experienced regulatory expert with a Master’s in European Competition Law and over 20 years of banking and payments experience gained from her time at Barclays, the Financial Conduct Authority, the European Banking Authority, and the Open Banking Implementation Entity.
Open Finance is in effect the natural evolution of Open Banking
Nilixa Devlukia
LinkedIn: Nilixa Devlukia
Chair of the Open Finance Association & Founder of Payments Solved: Nilixa Devlukia
Speaker Bio
Sonal is a Technology Enthusiast and Co-founder at TechnoXander. With a career spanning more than 18 years, she is a visionary in the world of Banking, a tech-savvy leader, and deeply enthusiastic about Open Data. She is a public speaker who can captivate audiences with her ability to harness the power of technology to achieve positive financial outcomes.
LinkedIn: Sonal Bomb
Email: sonalbomb@technoxander.com
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This article is part of Unveiling Finance, a podcast, newsletter and blog presented to you by TechnoXander. I invite you to join me and subscribe to Unveiling Finance now on Spotify to hear discussions with prominent figures in the Financial landscape.
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