How does Open Banking work from a Technical Perspective?

How does Open Banking work from a Technical Perspective?

Duena gives an introduction to open banking. She explains what it aims to solve, how it is implemented and how it is regulated.
Overview

Open Banking addresses the problem that modern consumers hold accounts at multiple financial institutions. This reality makes it difficult for users to understand their finances as a whole. Open Banking uses APIs to display information from various sources into one place, often a third party.

Key learning objectives:

  • Define Open Banking

  • Explain the purpose of Open Banking and how it works

  • Explain the current state of Open Banking and how it is regulated

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Summary
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Expert
Duena Blomstrom

Duena Blomstrom

Duena is a keynote speaker and the CEO and Co-Founder of PeopleNotTech. She has distilled 20 years of knowledge from working in technology into her book “Emotional Banking: Fixing Culture, Leveraging FinTech and Transforming Retail Banks into Brands”. Duena co-founded PeopleNotTech in 2018 to increase Psychological Safety and Emotional Intelligence.

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