Ep341: Exploring open banking use cases and why the UK government leads the world

James Hickman, COO, Ecospend‘Pay by bank’ is one of the key services being offered by TPPs in open banking. One such company, UK-based Ecospend, recently announced its latest partnership, with London Mutual Credit Union. However, Ecospend ought perhaps to be best known for being selected by the UK tax authority, HMRC, as the exclusive provider of API technology to the UK government for payment initiations across all HMRC’s tax regimes. In 6 months Ecospend processed over £1 billion in open banking payments in what is a first-of-its-kind contract with any government around the world. Robin Amlôt of IBS Intelligence speaks to James Hickman, Chief Operating Officer of Ecospend