Following from the brilliant FTT Building Societies virtual experience on 6th October, we recap some of the highlights of the day. This panel explored the benefits and challenges of open banking for mutual financial organisations.
Open banking offers a viable solution to many problems that mutual organisations may face and can empower building societies and credit unions to meet the needs of more of their members and to reach new customers.
The long-term benefits of open banking, including the potential to improve financial inclusion and wellbeing, should not be ignored. Listen to the full session below t0 hear more about why open is the way forward and what the future holds for the mutual sector.
Samantha Seaton, CEO, Moneyhub Enterprise (moderator)
Jonathan Hughes, Executive Chairman, Onebanks
Matt Cox, Head of Open Banking, Nationwide
Paul Goodwin, Key Account Director, Moneyhub Enterprise