EPISODE 07 WITH MIRNA SLEIMAN
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Open banking describes the process of banks and other traditional financial institutions opening up data for regulated providers to access, use and share with their customers' permission. In an age where most of us are concerned about our data privacy, this might sound unsafe, but putting these infrastructures in place allows banks to ultimately improve financial services for their customers. By sharing this data that they have previously kept in-house, new companies and new products can come to market and use this data in helpful, innovative ways. This is a game-changer for underbanked individuals who struggle to access financial services.
We're joined today on The Future of Financial Services series by Mirna Sleiman, Founder & CEO of Fintech Galaxy, the MENA region's open finance and innovation platform. She has more than 15 years of experience in innovation programs, government affairs, investor relations, journalism, strategic digital communications and global partnerships. Mirna specialises in advising governments and financial institutions on digital transformation programs, making her the ideal subject matter expert to speak to about open banking and open finance.
In this conversation, Vuk and Mirna dive into:
The impact open banking will have on the future of the financial services industry
How traditional banking leads to large numbers of people being underbanked and further excluded from access to crucial financial services
Which of the big global and regional players will be the first to capitalise on the new opportunities presented by fintech
The obstacles to developing an established open banking platform
Mirna's take on the next big opportunity to open up in the open banking space
Find Fintech Galaxy online: https://www.fintech-galaxy.com
The Change Officer Podcast's Future of Financial Services Series is brought to you by HolyWally, the world’s first wallet-as-a-service platform. To find out how HolyWally can help you create a mobile wallet to increase your revenue and reduce your time to market, visit their website: https://www.holywally.com
Production company: Poddster
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