1:20 PM Panel - New data pools, new opportunities - what will Open Banking mean to second tier banks and Fintechs?
With the advent of open banking, smaller financial institutions find themselves in a position to vastly and rapidly improve the services they provide to customers. They will subsequently be able to compete against the larger players in the financial industry, who previously held a monopoly on customer data. This discussion will delve into the best ways to maximize on the larger data pools available and what the innovation potential is for the financial landscape.
- Current innovation and how the market will be impacted by Open Banking
- When more data is available, how do we decide upon the data to target and utilize to benefit both business and customer?
- How can we partner with larger banks to provide improved and tailored experiences?
- What are the possible hurdles to this journey and how can we anticipate them and plan ahead of them