From Open Banking to Open Finance: What Does the Future State Look Like?

Episode notes

In this episode of Deciphered, Adam Davis, Associate Partner at Bain & Company, and Jeff Tijssen, Expert Partner and Global Head of Fintech at Bain & Company are joined by Charlotte Crosswell OBE, Chair of the Centre for Finance, Innovation and Technology (CFIT), Keith Grose, COO at Sequence, and Alex Johnson, Creator of Fintech Takes to discuss everything Open Finance. What does the future state of Open Finance look like and how will Open Banking develop in global markets? Timestamps: - 00:18: What is the future of Open Banking? - 02:58: What’s the role of industry associations in the Fintech industry? - 07:27: Making banks work harder for you? - 09:13: Why has Open Banking taken so long? - 12:03: The benefits of Open Banking and Open Finance. - 14:06: How Open Banking has become a “default” piece of infrastructure for new financial apps. - 15:38: The challenges of getting the nine largest banks to agree on a common set of standards. - 17:46: What’s the biggest impact on adoption? - 18:41: What’s the impact of Open Banking on SMEs? - 21:51: What is the best iteration of Open Banking around the world? - 25:47: Why the implementation of Open Banking has been so hard in the UK.

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