Consent Is the Currency: Who Wins in the Open Finance Economy?

Описание: And it isn't simply better technology.

It's trust, permission, choice and a clear reason for consumers to say yes.

Jess explains why humans need to remain at the heart of financial product design, why digital experience has become increasingly important to customer relationships, and why the next phase of open finance will be defined by the experiences built on top of permissioned financial data.

They discuss:

• Why open finance is fundamentally about people, not technology
• What actually makes consumers comfortable sharing financial data
• Why choice remains important in the way people pay
• How digital experiences are changing consumer expectations
• Why providers need to demonstrate a clear value exchange when asking for consent
• How open finance can support more personalised financial experiences
• Where lenders and credit decisioning fit into the open finance ecosystem
• How AI could increase the value of permissioned financial data
• The importance of API reliability, interoperability and common standards
• What the industry still needs to improve in the next three years
• Which open finance narratives belong on the Shelf of Shame

Jess also looks ahead to a world where consumers become accustomed to hyper-personalised experiences built around their financial and wealth information.

The technology may sit underneath it all.

But consumers will judge open finance on a much simpler question:

What are you making better for me?

🎧 Watch the full episode of The Payments Shed Podcast to hear the complete conversation with Jess Turner, hosted by Kara Parkey.

A huge thank you to our Season 6 sponsors Mastercard, Salesloft and Cyclops for supporting The Payments Shed Podcast.