What the FinTech? | S.4 Episode 8 | The future of open banking in the UK

In the latest episode of the What the FinTech? podcast, we’re joined by Marion King, chair and trustee of the Open Banking Implementation Entity (OBIE) and non-executive director at payments company Cashflows, to chat about the current state of play and next steps for open banking in the UK following the much-anticipated release of the Joint Regulatory Oversight Committee’s recommendations. Marion and FinTech Futures editor Paul Hindle discuss whether the new recommendations can help the UK maintain its position as a leader in the open banking space, whether concerns around the lack of clarity in the country’s vision for open banking have been alleviated, and whether there’s a way to monetise open banking amid concerns from banks about the lack of commercial returns. We also find out what’s next for the OBIE, dive into some of the trends and developments in the digital payments space, and discuss how the fintech sector should be doing more to reduce the gender pay gap. And finally, we find out what fintech buzzword Marion wants to throw into our Fintech Jail!