The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Fintech: Deposit Solutions shows potential of open banking

Open banking might soon become the new standard for retail deposits in Europe as growth accelerates at the German platform service.

Three months on from the passage in Europe of the second Payment Services Directive (PSD2) and most customers still have no idea that they are living in the bright new age of open banking


Caroline Plumb,

Caroline Plumb, founder and chief executive of Fluidly, a cash-flow modelling provider for small and medium-sized enterprises (SMEs), sounded a little disappointed at the Innovate Finance Global Summit in London.

“People were talking about this big-bang moment when the world was going to change and everything would be different, but at best it’s going to be a slow burn,” she says. “It may even be a damp squib. Let’s see. It could require years of progress.”

Jamie Campbell, head of awareness at Bud, a plug and play financial services platform, points to the practical barriers for large banks to partner with fintech firms offering new APIs.

“The timelines are a nightmare,” he says. “Just to go through procurement is one thing. Then to do the actual implementation, you are looking at more than a year.”

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?