{"id":15867,"date":"2023-06-10T10:48:50","date_gmt":"2023-06-10T18:48:50","guid":{"rendered":"https:\/\/trc-parus.ru\/?p=15867"},"modified":"2023-06-10T10:48:51","modified_gmt":"2023-06-10T18:48:51","slug":"top-obstacles-for-open-banking","status":"publish","type":"post","link":"https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/","title":{"rendered":"The Top Obstacles for Open Banking"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"15867\" class=\"elementor elementor-15867\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d6bc063 e-flex e-con-boxed e-con e-parent\" data-id=\"d6bc063\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-600b429 elementor-widget elementor-widget-text-editor\" data-id=\"600b429\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><a href=\"https:\/\/trc-parus.ru\/blog\/what-open-banking-means-to-canada\/\">Open banking<\/a>\u00a0is a concept that aims to revolutionize the financial industry by allowing customers to share their banking data with third-party providers through secure APIs.\u00a0<\/p><p>The objective of open banking is to create a more competitive and innovative financial ecosystem, with better services and lower costs for customers.\u00a0<a href=\"https:\/\/trc-parus.ru\/blog\/open-banking-impact-on-payments\/\">Open banking will also have a significant impact on payments<\/a>.\u00a0The implementation of open banking has faced several obstacles, which we will discuss in this article.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56477b9 elementor-widget elementor-widget-heading\" data-id=\"56477b9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Lack of awareness<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5b91f90 elementor-widget elementor-widget-text-editor\" data-id=\"5b91f90\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>One of the most significant obstacles for open banking is the lack of awareness among people. Many people are not aware of what open banking is or how it can benefit them. They may be hesitant to share their financial information with third-party providers, or they may not understand how to do so securely. This lack of awareness can slow down the adoption of open banking and limit its potential impact. Overall, the lack of awareness in open banking decreases the urgency to implement open banking.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b12ca69 elementor-widget elementor-widget-heading\" data-id=\"b12ca69\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Security concerns<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7988c0c elementor-widget elementor-widget-text-editor\" data-id=\"7988c0c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Another obstacle for open banking is <a href=\"https:\/\/trc-parus.ru\/blog\/fraud-detection-in-payment-processing\/\">security and fraud concerns<\/a>. Customers may be hesitant to share their banking data with third-party providers because of fears of data breaches or identity theft. The financial industry is highly regulated, and the security of customer data is a top priority. To overcome this obstacle, banks and third-party providers must ensure that their security measures meet industry standards and are regularly audited and updated.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-77a73fe elementor-widget elementor-widget-heading\" data-id=\"77a73fe\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Technical challenges<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7da6023 elementor-widget elementor-widget-text-editor\" data-id=\"7da6023\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 0.9rem; font-size: 17px; color: #333333; font-family: Poppins, sans-serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\">Open banking relies on secure APIs that allow third-party providers to access banking data. However, implementing these APIs can be challenging from a technical perspective. Many banks have legacy systems that are not designed to work with modern APIs and they may have security protocols that are difficult to integrate with third-party providers. Technical challenges can slow down the adoption of open banking and limit its effectiveness.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a06cb7 elementor-widget elementor-widget-heading\" data-id=\"6a06cb7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Standardization and interoperability<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-925872e elementor-widget elementor-widget-text-editor\" data-id=\"925872e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Standardization of APIs and data formats is necessary to enable seamless integration and interoperability among different financial institutions and third-party service providers. Establishing common standards and protocols facilitates data exchange, reduces integration complexities, and promotes competition and innovation within the open banking ecosystem. This can be a very slow process with competing interests that slow down the development and implementation of open banking.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b824793 elementor-widget elementor-widget-heading\" data-id=\"b824793\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Regulatory hurdles<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4ce4df3 elementor-widget elementor-widget-text-editor\" data-id=\"4ce4df3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Open banking is a new concept, and regulations governing its implementation are still evolving. Different countries have different regulations, and there is a lack of consistency in how open banking is regulated around the world. This can create challenges for banks and third-party providers who want to operate in multiple countries. It can also create confusion for customers who may not understand the regulatory environment and their rights and responsibilities.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4cdcf7e elementor-widget elementor-widget-heading\" data-id=\"4cdcf7e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Resistance from traditional banks<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c275316 elementor-widget elementor-widget-text-editor\" data-id=\"c275316\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Some traditional banks will resist the implementation of open banking because it represents a threat to their business model. Open banking allows third-party providers to offer services that compete with traditional banks, which can reduce their market share and profits. Banks may also be reluctant to share customer data with third-party providers because they see it as a competitive advantage. Overcoming this obstacle may require regulatory intervention or a shift in the attitudes of traditional banks towards open banking.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cd33600 elementor-widget elementor-widget-text-editor\" data-id=\"cd33600\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); font-size: 17px;\">Overall, open banking has the potential to transform the financial industry, but it faces significant obstacles that must be overcome. These include a lack of awareness, security concerns, technical challenges, regulatory hurdles, and resistance from traditional banks.\u00a0<\/span><\/p><div class=\"group w-full text-gray-800 dark:text-gray-100 border-b border-black\/10 dark:border-gray-900\/50 bg-gray-50 dark:bg-[#444654]\"><div class=\"flex p-4 gap-4 text-base md:gap-6 md:max-w-2xl lg:max-w-[38rem] xl:max-w-3xl md:py-6 lg:px-0 m-auto\"><div class=\"relative flex w-[calc(100%-50px)] flex-col gap-1 md:gap-3 lg:w-[calc(100%-115px)]\"><div class=\"flex flex-grow flex-col gap-3\"><div class=\"min-h-[20px] flex flex-col items-start gap-4 whitespace-pre-wrap break-words\"><div class=\"markdown prose w-full break-words dark:prose-invert light\"><p>Addressing these obstacles requires collaboration among regulators, financial institutions, technology providers, and consumer advocacy groups. A coordinated effort to establish regulatory frameworks, implement robust security measures, enhance customer awareness, and drive technological advancements will contribute to the successful implementation and widespread adoption of open banking.<\/p><\/div><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Open banking&nbsp;is a concept that aims to revolutionize the financial industry by allowing customers to share their banking data with third-party providers through secure APIs.&nbsp; The objective of open banking is to create a more competitive and innovative financial ecosystem, with better services and lower costs for customers.&nbsp;Open banking will also have a significant impact [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":19429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Top Obstacles for Open Banking<\/title>\n<meta name=\"description\" content=\"The top obstacles for open banking from a payments perspective. This includes awareness, interoperability, market dynamics, and more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Top Obstacles for Open Banking\" \/>\n<meta property=\"og:description\" content=\"The top obstacles for open banking from a payments perspective. This includes awareness, interoperability, market dynamics, and more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/\" \/>\n<meta property=\"og:site_name\" content=\"Credit Card Processing and Merchant Account\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/clearlypayments\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-10T18:48:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-10T18:48:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trc-parus.ru\/wp-content\/uploads\/2023\/03\/open-banking-obstacles.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kalle Radage\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@kalleradage\" \/>\n<meta name=\"twitter:site\" content=\"@clearlypayments\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kalle Radage\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/\"},\"author\":{\"name\":\"Kalle Radage\",\"@id\":\"https:\/\/trc-parus.ru\/#\/schema\/person\/608d627233ee548e9312ce67fe0b72d0\"},\"headline\":\"The Top Obstacles for Open Banking\",\"datePublished\":\"2023-06-10T18:48:50+00:00\",\"dateModified\":\"2023-06-10T18:48:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/\"},\"wordCount\":619,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/trc-parus.ru\/#organization\"},\"articleSection\":[\"Innovation\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/\",\"url\":\"https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/\",\"name\":\"The Top Obstacles for Open Banking\",\"isPartOf\":{\"@id\":\"https:\/\/trc-parus.ru\/#website\"},\"datePublished\":\"2023-06-10T18:48:50+00:00\",\"dateModified\":\"2023-06-10T18:48:51+00:00\",\"description\":\"The top obstacles for open banking from a payments perspective. This includes awareness, interoperability, market dynamics, and more.\",\"breadcrumb\":{\"@id\":\"https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/trc-parus.ru\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Top Obstacles for Open Banking\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/trc-parus.ru\/#website\",\"url\":\"https:\/\/trc-parus.ru\/\",\"name\":\"Credit Card Processing and Merchant Account\",\"description\":\"Friendliest Payment Processor on Earth\",\"publisher\":{\"@id\":\"https:\/\/trc-parus.ru\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/trc-parus.ru\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/trc-parus.ru\/#organization\",\"name\":\"TRC-Parus\",\"url\":\"https:\/\/trc-parus.ru\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/trc-parus.ru\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/trc-parus.ru\/wp-content\/uploads\/2020\/01\/Asset-1@3x.png\",\"contentUrl\":\"https:\/\/trc-parus.ru\/wp-content\/uploads\/2020\/01\/Asset-1@3x.png\",\"width\":2913,\"height\":902,\"caption\":\"TRC-Parus\"},\"image\":{\"@id\":\"https:\/\/trc-parus.ru\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/clearlypayments\",\"https:\/\/twitter.com\/clearlypayments\",\"https:\/\/www.linkedin.com\/company\/clearlypayments\",\"https:\/\/www.youtube.com\/channel\/UCUCzQokVSCniiISETs-R6mg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/trc-parus.ru\/#\/schema\/person\/608d627233ee548e9312ce67fe0b72d0\",\"name\":\"Kalle Radage\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/trc-parus.ru\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/65d359bc79497b225799d34b9d24421b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/65d359bc79497b225799d34b9d24421b?s=96&d=mm&r=g\",\"caption\":\"Kalle Radage\"},\"description\":\"Kalle Radage is a tech entrepreneur and business leader. Kalle is the Co-founder and Chairman of TRC-Parus and Co-founder and COO of Neptune Digital Assets. He has scaled technology companies from the ground up and held leadership roles at global enterprises. Previously, he was a venture capitalist, investing in and helping grow innovative companies. He strives to build teams and products that people love. He has lived and worked in Silicon Valley, Europe, Boston, and Vancouver. He received a computer science degree from UBC in Canada and an MBA from IESE in Spain. Kalle works to be an active tech community member as an advisor, investor, and board member. He enjoys skiing, biking, climbing, and surfing.\",\"sameAs\":[\"https:\/\/trc-parus.ru\",\"https:\/\/www.linkedin.com\/in\/kalleradage\/\",\"https:\/\/twitter.com\/kalleradage\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Top Obstacles for Open Banking","description":"The top obstacles for open banking from a payments perspective. This includes awareness, interoperability, market dynamics, and more.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/","og_locale":"en_US","og_type":"article","og_title":"The Top Obstacles for Open Banking","og_description":"The top obstacles for open banking from a payments perspective. This includes awareness, interoperability, market dynamics, and more.","og_url":"https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/","og_site_name":"Credit Card Processing and Merchant Account","article_publisher":"https:\/\/www.facebook.com\/clearlypayments","article_published_time":"2023-06-10T18:48:50+00:00","article_modified_time":"2023-06-10T18:48:51+00:00","og_image":[{"width":1920,"height":1280,"url":"https:\/\/trc-parus.ru\/wp-content\/uploads\/2023\/03\/open-banking-obstacles.jpg","type":"image\/jpeg"}],"author":"Kalle Radage","twitter_card":"summary_large_image","twitter_creator":"@kalleradage","twitter_site":"@clearlypayments","twitter_misc":{"Written by":"Kalle Radage","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/#article","isPartOf":{"@id":"https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/"},"author":{"name":"Kalle Radage","@id":"https:\/\/trc-parus.ru\/#\/schema\/person\/608d627233ee548e9312ce67fe0b72d0"},"headline":"The Top Obstacles for Open Banking","datePublished":"2023-06-10T18:48:50+00:00","dateModified":"2023-06-10T18:48:51+00:00","mainEntityOfPage":{"@id":"https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/"},"wordCount":619,"commentCount":0,"publisher":{"@id":"https:\/\/trc-parus.ru\/#organization"},"articleSection":["Innovation"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/","url":"https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/","name":"The Top Obstacles for Open Banking","isPartOf":{"@id":"https:\/\/trc-parus.ru\/#website"},"datePublished":"2023-06-10T18:48:50+00:00","dateModified":"2023-06-10T18:48:51+00:00","description":"The top obstacles for open banking from a payments perspective. This includes awareness, interoperability, market dynamics, and more.","breadcrumb":{"@id":"https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/trc-parus.ru\/blog\/top-obstacles-for-open-banking\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/trc-parus.ru\/"},{"@type":"ListItem","position":2,"name":"The Top Obstacles for Open Banking"}]},{"@type":"WebSite","@id":"https:\/\/trc-parus.ru\/#website","url":"https:\/\/trc-parus.ru\/","name":"Credit Card Processing and Merchant Account","description":"Friendliest Payment Processor on Earth","publisher":{"@id":"https:\/\/trc-parus.ru\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/trc-parus.ru\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-CA"},{"@type":"Organization","@id":"https:\/\/trc-parus.ru\/#organization","name":"TRC-Parus","url":"https:\/\/trc-parus.ru\/","logo":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/trc-parus.ru\/#\/schema\/logo\/image\/","url":"https:\/\/trc-parus.ru\/wp-content\/uploads\/2020\/01\/Asset-1@3x.png","contentUrl":"https:\/\/trc-parus.ru\/wp-content\/uploads\/2020\/01\/Asset-1@3x.png","width":2913,"height":902,"caption":"TRC-Parus"},"image":{"@id":"https:\/\/trc-parus.ru\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/clearlypayments","https:\/\/twitter.com\/clearlypayments","https:\/\/www.linkedin.com\/company\/clearlypayments","https:\/\/www.youtube.com\/channel\/UCUCzQokVSCniiISETs-R6mg"]},{"@type":"Person","@id":"https:\/\/trc-parus.ru\/#\/schema\/person\/608d627233ee548e9312ce67fe0b72d0","name":"Kalle Radage","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/trc-parus.ru\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/65d359bc79497b225799d34b9d24421b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/65d359bc79497b225799d34b9d24421b?s=96&d=mm&r=g","caption":"Kalle Radage"},"description":"Kalle Radage is a tech entrepreneur and business leader. Kalle is the Co-founder and Chairman of TRC-Parus and Co-founder and COO of Neptune Digital Assets. He has scaled technology companies from the ground up and held leadership roles at global enterprises. Previously, he was a venture capitalist, investing in and helping grow innovative companies. He strives to build teams and products that people love. He has lived and worked in Silicon Valley, Europe, Boston, and Vancouver. He received a computer science degree from UBC in Canada and an MBA from IESE in Spain. Kalle works to be an active tech community member as an advisor, investor, and board member. He enjoys skiing, biking, climbing, and surfing.","sameAs":["https:\/\/trc-parus.ru","https:\/\/www.linkedin.com\/in\/kalleradage\/","https:\/\/twitter.com\/kalleradage"]}]}},"_links":{"self":[{"href":"https:\/\/trc-parus.ru\/wp-json\/wp\/v2\/posts\/15867"}],"collection":[{"href":"https:\/\/trc-parus.ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trc-parus.ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trc-parus.ru\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/trc-parus.ru\/wp-json\/wp\/v2\/comments?post=15867"}],"version-history":[{"count":16,"href":"https:\/\/trc-parus.ru\/wp-json\/wp\/v2\/posts\/15867\/revisions"}],"predecessor-version":[{"id":19436,"href":"https:\/\/trc-parus.ru\/wp-json\/wp\/v2\/posts\/15867\/revisions\/19436"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trc-parus.ru\/wp-json\/wp\/v2\/media\/19429"}],"wp:attachment":[{"href":"https:\/\/trc-parus.ru\/wp-json\/wp\/v2\/media?parent=15867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trc-parus.ru\/wp-json\/wp\/v2\/categories?post=15867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trc-parus.ru\/wp-json\/wp\/v2\/tags?post=15867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}