Open banking is bigger in the United States than it is in Europe, says Lee Wetherington, the senior director of corporate strategy for Jack Henry & Associates, one of the banking industry’s largest technology solution providers. For financial technology companies, that means an unlimited potential to access data, and offer products and services that customers would like or will like in the future.
Wetherington answers three questions in this video:
- How can fintechs leverage open-banking rails to improve their offerings and reach?
- What will the banking industry look like in 10 years?
- Looking beyond 10 years, will there be a banking industry as we know it now?