During our OBE campfire in July 2021, Gavin Littlejohn and Brendan Jones had a debate around whether consumers need to know how Open Banking works. Gavin compares Open Banking technology to that of other technology that consumers use on a daily basis.
Gavin states that 'people buy a fridge because they want cold food' and that 'they've got no interest in putting their hand their plug'. Brendan somewhat agrees, but he think that where the industry has failed is in educating consumers about Open Banking. Brendan believes that we need to address this, as the word 'open' presents different connotations to a consumer.
Speakers Featured:
Gavin Littlejohn - Chairman, FDATA Global
Brendan Jones - CEO, Konsentus
Stay connected with the community:
LinkedIn - https://www.linkedin.com/company/open-banking-excellence/
Twitter - https://twitter.com/OBE_Global
Website - https://openbankingexcellence.org/
What is Open Banking Excellence (OBE)?
Open Banking Excellence (OBE) is the world's leading community of Open Banking and Open Finance pioneers. It's an industry 'campfire' that brings together FinTechs, banks, industry participants, regulators, BigTech companies and legal advisers to learn, share stories, spark debate and collaborate.
Our mission is to be the authentic voice representing a global movement of like-minded experts who through collaboration provide technical, regulatory and legal insight into Open Banking and Open Finance and their wider implications for a dynamic, innovative and fast-growing financial sector.
We believe Open Finance will help build a better world through financial inclusion, social change and by providing greater control and choice to us all.
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