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.