Fintech Insider Podcast by 11:FS cover image

701. Focus: The power of Open Finance lies in open data, with Samantha Seaton, CEO of Moneyhub

Fintech Insider Podcast by 11:FS

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Open Data and Open Finance - What's Consumer Duty Doing?

Money Hub's open banking service is critical for people like Derek to be able to see what their finances are up and down. The consumer duty legislation coming into force next year could have a huge impact on the way banks operate, says Money Hub chief executive Sammy Hounshell. "I don't think any of the product providers to be honest have quite understood the implications which for me is ongoing suitability," he adds.

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