Open Finance in Action: How Data Becomes Business
summary
Panelists report concrete progress: Wealth API has been building open wealth products for two years and calls for a data quality standard; demonstrators use AI to clean, categorize thousands of transactions and turn them into forecasts and personalized advice; a published example (Finance Flows) converts 200,000 YouTube viewers into paying customers; near-term products are instant credit decisioning enriched by multi-year account data and tied to instant payments so advice can be actioned with one click.
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chapters (9)
- 0:00Panel and Open Finance intro
- 4:19Data-driven financial vision
- 9:18Banks in open & embedded finance
- 12:31AI and data quality value
- 16:00Collaboration in open finance
- 21:45Innovative open finance examples
- 26:40Prerequisites for open finance
- 29:47Most realistic use cases in the next two years
- 31:00Closing & Q&A
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