In Episode 9 we speak with James Varga, who co-founded The ID Co in 2011 with a mission to create convenience allowing consumers to sign up to new products and services in seconds.

He is active in a number of local and global efforts to help people do more online, including the Fintech Delivery Panel, the Open Banking Excellence where he is Co-founder and Trust In Digital Life.

As one of the first to call for Open Banking in the UK, James has a wealth of experience in this space. Having previously built a personal finance management and aggregation service, he has a unique perspective that highlights the importance of customer convenience in the overall success and adoption of Open Banking.

Among other things we discussed:

What is Open Banking?
Applications for Open Banking
The identity challenges
Matching the right person to the right product
GDPR and Open Banking
Data ownership is key
2018 - the year of regulated disruption
Giving the consumer back control
Why has Open Banking been slow to take off?
Is Open Banking good for banks?
The real opportunity for Open Banking
What's the Open Banking silver bullet?
Account aggregation is just the start
Using data for customer onboarding
Consumer behavioural change
The balance between convenience and reward
Banks are bad at using data
Being a B2C Fintech isn't easy
Monzo's IFTTT integration
Consumer data ownership is key
We need to give consumers an incentive to use Open Banking
Instant loans - 45% revenue increase & 7% fraud reduction
The Australian Open Banking scene
The open data approach is a risk
Getting the regulators involved
3 things for next week

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S1 Episode 9: The Future of Open Banking with James Varga