Demystify Podcast: The evolution of open banking in the UK with Charlotte Crosswell and Henk Van Hulle
In this episode of the Demystify Podcast, hosts Dave and Dharm delve into the transformative world of open banking and look to demystify its impact on financial services. They are joined by special guests Charlotte Crosswell, chair of the Centre for Finance, Innovation, and Technology (CFIT), and Henk Van Hulle, CEO of Open Banking Limited, who provide their expert insights into this evolving landscape.
The discussion covers the significant growth of open banking in the UK, which now boasts over seven million users, including both consumers and SMEs. Charlotte and Henk explain how open banking facilitates secure data sharing, enabling smarter financial solutions, improved credit access, and streamlined processes for users. From mortgage simplification to supporting underserved communities, they reveal how data is revolutionising financial empowerment.
The episode also explores the future of open finance and smart data, envisioning a world where consumers have complete control over their data through centralised dashboards. The conversation addresses both the opportunities and challenges ahead, including ensuring responsible data usage and fostering collaborations to prevent market monopolisation by big tech.
Listeners are invited to join an engaging journey into the current state of open banking, its growing influence, and the exciting possibilities that lie ahead.
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Take a look at the full catalogue of episodes on the Dave & Dharm Demystify Podcast homepage.
