Fintech Insider By 11:fs

Our expert hosts, 11:FS CEO David M. Brear is joined by some great guests to talk about the current state of open banking, how it is transforming financial services and, as more countries push for formal open banking regimes, what does the future hold? This week's guests include: Kiaan Pillay, CEO & Co-Founder at Stitch Andrew Escobar, former Director of Open Finance at MX in Canada About this episode Open banking allows financial institutions to share data and have a more globalised, connected banking system. It enables customers to share personal financial information securely, which can broaden the products and services available to them. For example, personal finance apps help individuals to manage their finances, track spending habits, save and access other financial services, all from one place. Lenders can better evaluate the borrowing power of applicants if they can access their credit history from other FS providers too. And have you ever sent a payment to someone without needing to