Well the Open Banking Expo was a blast. A completely different crowd than what I’ve seen at any other exhibition. The key difference was the diversity of the audience. From deep technical folk to senior bank figures all looking to answer the same question. “How do we monetise this?”
The most refreshing part of the day was the Open Banking Unplugged panel. It was an enjoyable seat on the panel (although note to self: I must stop disagreeing with people!) with a good group. The pleasing part was that I felt a lot of the audience were keen to understand what Open Banking can enable, not how it works. The move from the technical speak and processes around Open Banking are migrating to lenders and product teams looking beyond today and to the Ecosystem of Open Banking tomorrow.
The expo audience were keen to understand what Open Banking can enable, not how it works
The media interest in Open Banking as also very notable. Amongst other publications, Financial IT interviewed me (video below!) to ask what we expect to develop within the digital market as a consequence of Open Banking, and how Slide addresses some of the challenges.
The change is quite apparent: the bankers and particularly the corporate teams are seeing new ways of collecting payments that match their customers’ needs. Aggregation is a plenty and that resolves a considerable challenge for treasurers who have been relying on legacy methods for many years. The most interesting element of these advances was the sheer number of bankers that really understood the value in the data that can be extracted. The potential for cross selling products and lending metrics was very well received.
Slide and the Ecosystem of Open Banking
Last week was Slide’s first time exhibiting at the Open Banking Expo and we were thrilled with the interest in how Slide can help identify customer cash flow insights. The interest was such that we’ve decided to host a webinar next month how to use Slide to identify lending opportunities. Join us at 10:30am on Wed 11 December (or register to watch on-demand) using the button below.Register for Webinar