We Need a Global Standard for Data Sharing

In an op-ed in the FT, the chairman of BBVA, Carlos Torres Vila, argues for the expansion of European open banking rules to the broader digital landscape; but he argues that the PSD2 rules don’t go far enough yet because they only apply to payments history; we need a global framework for data sharing across industries, “We need data-sharing across companies in all sectors in a real time, standardised way — not at a speed and in a format dictated by the companies that stockpile user data”. Source.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.