UK/Europe
OBIE consultations on VRPs and sweeping
On 9 November 2020, the UK’s Open Banking Implementation Entity (OBIE) released its consultations on Variable Recurring Payments (VRPs) and Sweeping [https://www.openbanking.org.uk/about-us/latest-news/obie-launches-variable-recurring-payments-and-sweeping-consultation/] . PSD2 and Open Banking have provided a necessary foundation to an open financial services sector, with over two million people