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Where are we with Open Banking, and should we be going further?


Where are we with Open Banking, and should we be going further?
Published 2 months ago
Open Banking has the power to revolutionise the way we manage our money, but most (65%) consumers are still not aware of it, while many financial institutions continue to treat it as an obligation rather than an opportunity.
For Open Banking to truly reach its potential, consumers need to have more trust in its benefits. However, this will only happen if banks and other financial institutions start to embrace it, rather than simply accept it.
Covid-19 has proven to banks that digital banking and open finance innovation is not simply a ‘nice to have’. It is vital for their own survival. With so many challenger banks now coming into the market, many of whom have entirely digital models and therefore invest heavily in technology, banks are starting to become aware that if they don’t embrace it, they’ll get left behind. ....

Mitchel Lenson , Non Executive Chairman , Open Banking , அல்லாத நிர்வாகி தலைவர் , திறந்த வங்கி ,

Firm hire: Exizent appoints non-exec chairman


2020-12-15T17:13:00+00:00
Glasgow-based technology firm Exizent, which connects legal services firms with banks and the wider financial services community, has appointed Mitchel Lenson as non-executive chairman.
Lenson served as managing director, global head of operations and operations IT at global investment house UBS Warburg, and director of group operations at Credit Suisse First Boston, before becoming group chief information officer at Deutsche Bank from 2000-2005.
Mitchel Lenson
Lenson sits on the board of Currency Cloud, which allows fintechs to easily build cross-border payments and FX functionality into their platforms, and BioCatch, the global leader in AI-driven behavioural biometrics. He was previously a long-serving non-executive director at Nationwide Building Society. ....

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