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[liberationtech] Personal update on Open Banking - it's here!

James Varga james at
Mon Apr 9 05:55:14 PDT 2018

Happy Spring!

I wanted to share another quick update with you at a time when everything seems to be happening. They say as you get older that life moves faster. I am starting to feel like the flash these days!

In the world of Open Banking, I think its fair to say everything's happening. After so many years campaigning to open up the identity and data people have with their banks, I'm proud it is finally here. There has been a huge effort by the industry to make this happen over the last couple of years in the UK and that success is now driving a Global agenda with some countries kicking off similar programmes.

We recently published our market update on  ( )

One of the initiatives launching around Open Banking is Edinburgh's center of excellence focusing on use cases, impact and potential for Open Banking.

Come along for our first event on the 23rd of April later this month if you're interested in the subject.

Fintech Scotland ( has also launched and with strong leadership working hard to establish Scotland's pedigree in the space – it’s yet another great example of how Fintech is now the main stream agenda.

This was reflected in the Chancellor's Fintech strategy announcement ( where again it's exciting to see the Fintech Delivery Panel (FDP) driving much of the industry agenda.

Regarding our own activities, we have been working hard grow our own team as we start to scale on the back of the Open Banking tsunami that is about to hit the industry. This has meant moving into 'Scotland's best office' which we are very proud of alongside Whitespace - a fantastic digital agency. If your passing EH1 then please do stop by for a coffee - would be great to catch up and show you the office.

Finally out of over 150 Fintech companies ( we were selected as one of a few to go on a trade mission to NY in mid-April by the DIT as a ‘FinTech Mission’ - if your interested in catching up while we are there let me know.

Exciting times for The ID Co. especially after so many years of flying the Bank Identity & Data flag. The challenge now is not how you access financial data - but what you do with it. A topic close to our heart and more to come on that later this year.

Hope all is well and catch up soon.

Chief Executive Officer

james.varga at
+44 (0)845 119 3333
+44 07957143996

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The ID Co. | Registered in Scotland SC400459.
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