Open banking aims to introduce common, open, shared standards for the secure exchange of financial data. As a result, whether you bank with one bank or five, fintech or credit union, JPMC or PayPal, you can finally see all your accounts together, in one place - a concept known as account aggregation. In this episode, Eyal discusses this concept with Rolands Mesters, the CEO and Co-Founder of Nordigen, a European account aggregator who provides connectivity to thousands of banks, absolutely free. A regular guest at fintech events, Rolands has been featured by the industry’s leading media outlets, including TechCrunch, Sifted and Medium, was included in Forbes 30 under 30, and is considered one of the foremost experts on open banking worldwide. During their discussion, Eyal and Rolands explore the story of account aggregation, including how it began, where it’s going in the future and why it might just be the key to building open banking for all.
Specifically they discuss:
- The definition of account aggregation
- Origins of account aggregation as a concept
- The impacts of open banking on aggregation
- How bank connectivity became commoditized
- The new role of the account aggregator
- The democratization of open banking
- Including developers in the narrative
