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Immunised from Banking Lurgy? Ep 335 David Tripe

NZ Everyday Investor

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The Future of Open Banking

I think we'd be worried if one of the seriously big US banks got into trouble. We might be more worried if there were significant bank failures in parts of the world other than the US. At this stage, I'm happy to look at Pretty Sweets as they went off to each a bank as in a weaker position. But again, I don't think that's as crucial as it would have been. And even simple things like having your bank account number as being portable so that you could move it to another bank if you wanted to with a lot less friction. That probably is quite appealing. It's certainly appealing from the perspective of innovation as well in the fintech space.

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