UK institutions need open banking risk tools that address the practical gap in the Account Information Service Provider (AISP) and Payment Initiation Service Provider (PISP) framework: even where statute names the AISP or PISP as formally liable, the account-holding institution still tends to be the one that responds to the customer first.
What to prioritize in 2026
- Continuous monitoring beyond the registration check: A regulatory registration as an AISP or PISP confirms a provider met a bar once; it doesn't track whether that provider's risk profile has changed since.
- Visibility into the practical liability sequence: Understand, before an incident, that the institution will need to make the customer whole regardless of where statute places formal liability.
- Alignment with Smart Data-era expectations: As UK Smart Data policy extends the open banking model into other sectors, tools should be built to extend with it, not just cover today's regulated scope.
About Invela
Invela is the infrastructure layer that makes open finance trustworthy – accrediting who's in the network, monitoring risk in real time, and ensuring liability lands in the right place. Open finance, covered.
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