• Home
  • Visit
    • Plan your visit
    • Meet the team
  • Content
    • Key themes
    • Agenda
    • Related content
  • Speakers
  • Partners
  • Register Now
  • CO-LOCATED WITH:
  • Future Identity FinanceFuture Identity Finance

Fintech Talents

Fintech Talents

Kallyas is an ultra-premium, responsive theme built for today websites.

T (212) 555 55 00
Email: sales@yourwebsite.com

Your Company LTD
Street nr 100, 4536534, Chicago, US

  • Home
  • Visit
    • Who attends?
    • Steering committee
    • Plan your visit
    • Meet the team
  • Content
    • Key themes
    • Agenda
    • Related content
  • Speakers
  • Partners
  • REGISTER YOUR INTEREST

Content

STAY TUNED

Regulation for success in open finance

by FTT Team / Tuesday 08 March 2022 / Published in Community & Events, Content, Embedded Finance
Open finance

Regulation will be critical to the success of open finance. On 15th November last year, we joined Gavin Littlejohn, Chair of Fdata Global, Laura Douglas, Senior Associate at Clifford Chance and moderator, Douglas MacKenzie, Host & Deputy Director of Fintech Finance on the FTT Open Finance Stage at the Fintech Talents Festival.

The panel explored the key regulatory initiatives to be taken as we move to the next stage of open finance. As we broaden out from open banking, which provides access to payments data and payments initiation, we are moving towards third parties receiving explicit consent from end-customers to access other pieces of their financial puzzle, such as investment, pension, insurance and mortgage data.

End-customers as data subjects can now share more information than ever before and not just within finance. The Smart Data Working Group enables companies and consumers to choose to share more data, such as health, telephony or utilities. Gavin emphasised the importance of the next steps for the UK; to ensure that different initiatives are interoperable and have the same basic tenets of consent liability framework, digital identity, governance and the right technical standards to enable them.

Our moderator, Douglas, then shifted the focus onto what regulators will need to think about when deciding upon regulations. There is an element of “seizing the moment” and regulating at the right point in the innovation cycle. Regulating too early can stifle innovation, but on the other hand, it is important to be mindful of consumer protection.

Regulation will also have an important influence on building greater customer trust in open banking and data-sharing. But aside from educating the audience, this is likely to come down to building genuine trust in the regulated system itself. As Gavin comments, most people trust their fridge to keep food cold, without fully understanding how the electric works. Arguably, this genuine trust will play a more important part than education.

The panel also explored open banking within the corporate world as one area that they are seeing a lot of growth in. Listen to the full session from FTT Open Finance below!

The panellists:

Douglas MacKenzie, Host & Deputy Director, Fintech Finance (moderator)

Laura Douglas, Senior Associate, Clifford Chance

Gavin Littlejohn, Chair, Fdata Global


Tagged under: finance, fintech, open finance, REgulatory, Splash

Recent Posts

  • Financial activism – can fintech save the world?

    Can fintech save the world? We ask Paul Trotter...
  • The value of connectivity for fintech

    Karen Bradbury, FS Sector Lead from Invest NI p...
  • A fintech is born

    Hear from Charlie Platt , President, EMEA, SAP ...
  • Technology fit for a mutual

    Michael Fisher, Chief Product Officer from Mutu...
  • FTT Lending 3.0: An Interview with Tracey Horner, Head of lendwithcare at CARE International UK

    Ahead of FTT Lending 3.0 2023, I caught up with...


  • Home
  • Events
    • FTT Lending 3.0 2023
    • Future Identity Finance 2023
    • Fintech Talents Road Trip – Paris 2023
    • Fintech Talents Road Trip – Stockholm 2023
    • Fintech Talents Road Trip – Berlin 2023
    • FTT Embedded Finance Europe 2023
    • Customer Alpha Europe 2023
    • FTT DeFi 2023
    • Fintech Talents North America 2023
    • Fintech Talents Festival London 2023
    • Future Identity Festival 2023
    • FTT Building Societies 2023
    • FTT Embedded Finance North America 2023
    • See all events
  • Content
    • All Content
    • Interviews
    • Opinion
    • Videos
    • Digital Reports
  • VC INNOVATIONS – Accelerated Marketing
  • facebook
  • linkedin
  • youtube
  • twitter

GET IN TOUCH

T 0208 0045 517
Email: info@vcinnovations.co.uk

VC INNOVATIONS
1 Quality Court, London WC2A 1HR

Open in Google Maps

QUICK LINKS

  • Home
  • About VC INNOVATIONS

Connect with us

  • facebook
  • linkedin
  • youtube
  • twitter

RECENT POSTS

  • Financial activism – can fintech save the world?

    Can fintech save the world? We ask Paul Trotter...
  • The value of connectivity for fintech

    Karen Bradbury, FS Sector Lead from Invest NI p...
  • A fintech is born

    Hear from Charlie Platt , President, EMEA, SAP ...
  • Privacy Policy
Fintech Talents

© FintechTalents 2022. All Rights Reserved.



TOP
Fintech Talents Road Trip - Paris 2023 - Complimentary Pass


Fintech Talents Road Trip - Berlin 2023 - Get Involved


Fintech Talents Road Trip - Berlin 2023 - Complimentary pass


Fintech Talents Road Trip - Stockholm 2023 - Get Involved


Fintech Talents Road Trip - Stockholm 2023 - Complimentary Pass


Fintech Talents Road Trip - Paris 2023 - Get Involved


Fintech Talents NA 2023 - Register your interest


FTT Lending 3.0 2023 - Get Involved


Get your Rockstar Pass

Download the Report



This website uses cookies to give you the best experience. Agree by clicking the 'Accept' button. Read our Privacy Policy.