Presented at TADSummit EMEA Americas 2020 Open Banking…Energy…Telecom Miles Cheetham, Developing the data infrastructure to help deliver a net-zero future Shared data has the potential for huge economic, societal and environmental benefits. Open Banking has shown the way, and now the opportunities for other sectors are becoming clearer. With governments and regulators seeking to stimulate innovation, there are common issues becoming clearer. So what has been learned in the banking and energy sector? And how can we apply this to telecom? Miles Cheetham, former Head of Propositions at Open Banking – with a deep telco background – reviews what has been learned, explores the opportunities and asks what this means for Open Telecom.

1. Shared Data:
The
Opportunities
- and the
Challenges
Miles Cheetham

2. Open Banking:
an Ecosystem
Driven by customer needs
Enabler for a huge wave of innovation
Societal and economic benefits
Today
273 Regulated Providers:
196 Third Party Providers
77 Account Providers
104
Jan 19 Jun 19 Dec 19 Aug 20
137
204
273
2 M
1 M

3. Creativity:
Wide range of use
cases
Pay Borrow Save Budget Credit score Other
Income
smoothing for
the self
employed/gig
economy
Automated
financial advice
Debt advice and
management
Mortgage
affordability and
financial
management for
homebuyers
Online payment
initiation with no
interchange fee
(pay by bank
account)
Lower cost
overdraft
alternatives
through
unbundling
Access to better
savings rates
Account
aggregation - all
your accounts in
one place
Tools to improve
and build credit
score
Financial
assistance and
tools for
vulnerable
consumers
Card based
payment
initiation with
lower fees
Salary draw
down as an
overdraft
alternative
Easier savings
and ability to
build financial
resilience
Personal finance
managers and
budgeting tools
Affordability
checking for
those with thin
credit file
Charitable
donation by
rounding up
Low cost FX
payments (travel
debit cards)
Pensions
solutions for the
self
employed/gig
economy
Comparison tools
for financial
services and
utilities
Credit score
building with
tools specifically
for easier renting
Automated tax
returns for the
self
employed/gig
economy
Third party providers: fast to
test and learn
AI driven services that know a
business better than a bank,
and make life easier for
consumers
Account information services
first, now payments
Re-defining the customer
relationship

4. Open Up 2020
https://www.nesta.org.uk/project/open-challenge/
£1.5m challenge prize to unlock the power of open banking in the UK

5. A new frontier – and pathfinders always face challenges
Further consumer
protections required
across complex chains
Customer Experience
Clear value exchange
Consistency across
sectors
Consent standard
Liability and redress
BEIS: Smart Data Research
Report: Liability
Lead author: Faith Reynolds
Co-authors: Sharon Cunliffe, Miles Cheetham, Gavin Starks
2020-03-31
REF: DGEN-SSD3-V2020-03-06
1
LIABILITY
CONSENT
BEIS: Smart Data Research
Report: Consent
Lead author: Miles Cheetham
Co-authors: Faith Reynolds, Sharon Cunliffe, Gavin Starks
2020-03-31
REF: DGEN-SSD1-V2020-03-06
1

6. Where next?
Seeking economic, societal
and environmental benefits
Finance: Insurance, pensions, savings
Telecoms
Energy
Transport
Supply chain/non-financial reporting

7. Open Energy Open standard – building on Open Banking
Interoperable and cohesive energy data infrastructure
Enable open marketplaces for data sharing to flourish
Drive decarbonisation
https://icebreakerone.org/2020/06/01/open-energy/

8. Open Telecom
Consumers instruct Telcos to share their
data to Third Party Providers
Transparency for consumers on available
communications deals, coverage, speed =
more informed, reduced switching friction
All part of the UK’s Smart Data Initiatives
But what else?

9. Miles Cheetham
Reach me:
miles@icebreakerone.org
+44 7767 332211
More information:
https://www.openbanking.org.uk
https://icebreakerone.org
https://www.dgen.net