396. Insights: Do consumers care about Open Banking?

52min listen

396. Insights: Do consumers care about Open Banking?

Sarah Kocianski is joined by some great guests to discuss the first 2 years of Open Banking in the UK - what's worked, what hasn't and how many more opportunities and innovations are yet to come.

In today's Insights show, Sarah Kocianski is joined by a fantastic panel of guests to discuss the past 2 years of Open Banking. This week's guests include:

  • Shefali Roy - COO and CCO at Truelayer
  • Olly Betts - CEO and Chief Product Officer at OpenWrks
  • Simon Vans Colina - CTO at Fronted
  • Kieran McHugh - Open Banking Lead at Monzo

It's been two years since Open Banking first arrived in the UK and in today’s Insights show we discuss the past, present and future of Open Banking. Starting with the basics, we ask how far has Open Banking come and how is it continuing to grow in the UK? Our panel of guests are all already putting Open Banking to use, but are customers aware of it yet and are they embracing the possibilities? Third-party service providers certainly have been and are driving innovation in this sector, however the same cannot be said for incumbent banks.

So, what can banks do to better take advantage of Open Banking, when will we see it being embraced in other parts of the world, and will 2020 be the year of Open Banking?

All this and much more on this week's Fintech Insider Insights show!

This episode is brought to you by FinovateEurope in Berlin on 11th – 13th February. Built around live, 7-minute demos of the latest fintech innovations, FinovateEurope is the continent’s premier fintech event. Network with more than 1200 senior-level attendees – with more than 50% from financial institutions. And gain insights from 150 expert speakers, who will be sharing their insights on the future of finance. For more information visit finovateeurope.com, and quote VIP Code 11FS for a 20% discount on your registration.

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Fintech Insider by 11:FS is a podcast dedicated to all things fintech, banking, technology and financial services. Hosted by a rotation of 11:FS experts including David Brear, Simon Taylor, Jason Bates, Leda Glyptis and Sarah Kocianski and joined by a range of brilliant guests, we cover the latest global news, bring you interviews from industry experts or take a deep dive into subject matters such as APIs, AI or digital banking.

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Special Guests: Kieran McHugh, Olly Betts, Shefali Roy, and Simon Vans-Colina.