The Actionable Futurist® Podcast is a show all about the near-term future with actionable advice from a range of global experts.Your host is leading Futurist and AI Expert Andrew Grill, a dynamic and visionary tech leader with over three decades of experience steering technology companies towards innovative success.Known for his captivating global keynotes, Andrew offers practical and actionable advice, making him a trusted advisor at the board level for companies such as Vodafone, Adobe, DHL, Nike, Nestle, Bupa, Wella, Mars, Sanofi, Dell Technologies, and the NHS.His upcoming book “Digitally Curious” set for a 2024 release by Wiley, delves into how technology intertwines with society’s fabric and provides actionable advice for any audience across a broad range of topics.A former Global Managing Partner at IBM, five times TEDx speaker, and someone who has performed more than 550 times on the world stage he is no stranger to providing strategic advice to senior leaders across multiple industries.Andrew’s unique blend of an engineering background, digital advocacy, and thought leadership positions him as a pivotal figure in shaping the future of technology...
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episode 9: S1 Episode 9: The Future of Open Banking with James Varga
In Episode 9 we speak with James Varga, who co-founded The ID Co in 2011 with a mission to create convenience allowing consumers to sign up to new products and services in seconds.
He is active in a number of local and global efforts to help people do more online, including the Fintech Delivery Panel, the Open Banking Excellence where he is Co-founder and Trust In Digital Life.
As one of the first to call for Open Banking in the UK, James has a wealth of experience in this space. Having previously built a personal finance management and aggregation service, he has a unique perspective that highlights the importance of customer convenience in the overall success and adoption of Open Banking.
Among other things we discussed:
- What is Open Banking?
- Applications for Open Banking
- The identity challenges
- Matching the right person to the right product
- GDPR and Open Banking
- Data ownership is key
- 2018 - the year of regulated disruption
- Giving the consumer back control
- Why has Open Banking been slow to take off?
- Is Open Banking good for banks?
- The real opportunity for Open Banking
- What's the Open Banking silver bullet?
- Account aggregation is just the start
- Using data for customer onboarding
- Consumer behavioural change
- The balance between convenience and reward
- Banks are bad at using data
- Being a B2C Fintech isn't easy
- Monzo's IFTTT integration
- Consumer data ownership is key
- We need to give consumers an incentive to use Open Banking
- Instant loans - 45% revenue increase & 7% fraud reduction
- The Australian Open Banking scene
- The open data approach is a risk
- Getting the regulators involved
- 3 things for next week
Your Host: Actionable Futurist® & Chief Futurist Andrew Grill
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