Overall, 2021 has been a great step forward for Open Banking in Ireland. All the major ASPSPs have implemented recent changes to these flows, and we expect the user experience to get better over time. As the ASPSP flows become more and more frictionless, we will begin to see a steady uptake of Open Banking on the island of Ireland. It has been a game of catch-up to the UK with respect to Open Banking and it’s great to see steps forward to close that gap.
At fire.com, we believe Open Banking will play a huge role in the future of online banking. It’s already having a large impact on the payments scene and the usage trends we are beginning to see are exponential in nature.
If you are a business looking to take advantage of Open Banking Payments for you and your customers, you can set-up a Fire business account today for free. With your Fire Business Account, you can setup and accept Open Banking payments by simply creating an Open Banking Payment request. To get started, just hit the Apply Now button at the top of the page!