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About David


+40 years experience

David Bannister
David Bannister is a principal analyst in Ovum's Financial Services Technology team. He covers wholesale payments, transaction and corporate banking, financial market infrastructures, and analysis of the fintech sector.

David has been writing about technology for 36 years, specializing in financial services technology for 25. He has contributed to Dealing with Technology, Waters magazine, Financial Markets IT, Financial News, as well as The Daily Telegraph, The Financial Times, The Times, and BBC Radio 4, Channel 4 News, and Sky News.

He’s a well-known panellist and speaker and has taken part in international conferences, including Swift's Sibos, the International Payments Summit, EBAday, and the ISITC Vendor Forum.

David has provided consultancy and training for leading IT and financial technology providers including IBM, HP, Misys, and others.

Before joining Ovum in 2016, David spent 12 years as the editor of Banking Technology.

Analyst Articles

Articles by David

  • Enterprise Verticals, Enterprise Decision Maker

    APIs in corporate banking will need standards to achieve their potential

    By David Bannister 15 Aug 2018

    Open banking means customers having control of their financial data and being able to share it with third-party service providers. To technologists it means API access to accounts, which opens a whole range of possibilities, but as it is introduced to corporate banking, it also opens a can of worms.

  • Enterprise Verticals, Consumer and Entertainment Services, E...

    The real revolution of open banking is still in the future

    By David Bannister 17 Jan 2018

    Future historians are likely to look back and declare open banking to be as revolutionary a change as was the UK’s Big Bang deregulation of investment banking in 1986.

  • Content Marketing, Enterprise Decision Maker, Enterprise IT ...

    2017 Transaction Banking Survey

    By David Bannister 18 Oct 2017

    Challenges & Imperatives of Real-Time Payments & Liquidity

  • Enterprise Verticals, Consumer and Entertainment Services, E...

    Ripple moves to new phase as Larsen steps down as CEO

    By David Bannister 01 Nov 2016

    Chris Larsen is stepping down as CEO of distributed ledger pioneer Ripple at a watershed moment as the company starts to become a serious player in the transformation of the world’s financial infrastructure.

    Topic Payments

  • IT, Internet of Things, Service Provider Technology, Enterpr...

    Editing the blockchain removes an obstacle to adoption by the FS industry

    By David Bannister 20 Oct 2016

    With the arrival of an editable blockchain, the distributed ledger has taken another step on its journey towards becoming a useful platform for new financial market infrastructures and applications.

  • IT, Internet of Things, Service Provider Technology, Enterpr...

    Banks must collaborate to reap benefits of open banking APIs

    By David Bannister 15 Jul 2016

    Fulfilling the aims of regulations intended to improve competition in banking could benefit incumbent financial service providers as well as the businesses and consumers the regulation is aimed at – but only if those incumbents embrace the spirit of the legislation and engage with the wider universe of participants.

  • Enterprise Verticals, Consumer and Entertainment Services, E...

    The UK's Open Banking Standard will mitigate the effects of PSD2

    By David Bannister 15 Feb 2016

    HM Treasury has announced that the Open Bank Working Group (OBWG) it established in 2015 has recommended the creation of an Open Banking Standard. UK banks will be able to point to the UK API and say they are implementing the X2SA requirements of the European Payment Services Directive 2.

  • Enterprise Verticals, Enterprise Decision Maker

    Distributed ledger deployment requires the simple touch

    By David Bannister 18 Jan 2016

    If the financial services industry's current fascination with distributed ledger technology (DLT) comes to naught, it will at least have nudged many institutions into accepting the benefits of collaboration to a far greater extent than in the past.