Fintech Insider Podcast by 11:FS cover image

743. News: Revolut's banking licence in jeopardy and Anne Boden departs Starling Bank

Fintech Insider Podcast by 11:FS

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The Future of Open Banking in the US

There's an actual definition in the UK of what open banking is. And so as I think about the US market and just getting back to some of the questions around competition and new entrants, there is an effectively like an open field to compete. Now what that open field does is it puts a lot of pressure. The competitive forces in the US sometimes they feel like they're off the charts,. because you have these thousands of institutions who are trying to carve a value proposition.

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