Former Fintech Layer Cake co-host and regulatory expert Matt Janiga discusses open banking and the potential impacts of the proposed rules. Topics covered include competition, data access, and consumer choice, as well as the influence of major banks and trade groups. The podcast also explores the concept of open banking, the challenges faced by traditional banks, and the rise of fintech applications. It discusses the implications of the rule on screen scraping, the rationale and limitations of open banking rules, and the potential effects on competition in the banking industry. The speaker also highlights Tressley's focus on payments and their ability to help merchants save on interchange costs and offer fraud and risk protections.