In an interview with PYMNTS.com, the head of network and partnerships for Bud, Alan Walsh, talks about the state of open banking in the UK; he believes that traditional banks are coming around to the idea of collaboration with fintech companies because it makes the financial lives of consumer simpler; open banking can benefit banks by fostering trust with consumers; Walsh said, “This really is where traditional players are now starting to sell and position third-party products within their own ecosystem”. Source.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.