John Pitts

John Pitts, the Global Head of Policy at Plaid, discusses the U.S. shift towards regulated open banking and the introduction of Personal Financial Data Rights by the CFPB. He emphasizes how this regulation will empower consumers while reshaping relationships between banks and fintechs. John contrasts the traditional market-driven approach with the emerging regulatory landscape, highlighting global perspectives on open banking. This shift not only enhances consumer rights but also fosters a more equitable financial services environment.

John Pitts, Global Head of Policy at Plaid, and Christy Sunquist, Head of Open Finance Partnerships at Plaid, join Cameron Taylor, Chief Product Officer at Ninth Wave, to discuss the evolving landscape of open banking. They delve into international standards and the implications for U.S. compliance. The conversation highlights Plaid's new Gateway Partner Program, designed to streamline API integrations for financial institutions. Together, they emphasize the need for collaboration among banks and fintechs to enhance customer experience and adapt to regulatory changes.