Monday marked six months since open banking came into effect in Britain. The regulation, which opened up customer banking data to third parties via APIs, was originally lauded as one that could be life changing for consumers in the UK. But has it been? Here we take stock of how things have gone so far, and where they might go next. This week the European Union hit Google with a record €4.3 billion antitrust fine, citing Google's abuse of its Android platform to cement Google Search as the dominant search engine. Was it deserved? You won't be surprised to read Google CEO Sundar Pichai didn't seem to think so. We take a deeper look, and while you're here we've also put together a comprehensive timeline of the major milestones. Meanwhile, New York is finally moving away from the magnetic-strip MetroCard millions of commuters rely on (and are frustrated by), instead planning to adopt a contactless option modelled on Transport for London's Oyster card, designed by Cubic. Vice president of Cubic Steve Brunner talked us through the process. Lastly, we examine what enterprises can learn from hackers, and how British authorities are approaching regulating the blockchain. |
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