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

Deciphered: The Fintech Podcast

CHAPTER

The Importance of Central Forums in the Open Banking Ecosystem

I think the interesting thing when you look at India and Brazil is they're almost skipping directly to the digital experience in some senses. And so I think that approach is very different than if you're talking about a really established banking sector like in the US or in the UK. The CMA order, I definitely agree with Charlotte that I don't think the UK would have come out as far ahead without that really powerful force behind it. So I do think there are some lessons learned that other countries could take away. But again, it goes back to what stage you're at in your banking maturity as an ecosystem and what you're trying to open up.

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