Open banking has the potential to shift the power balance and transform the landscape of financial services. Consumers stand to collectively gain £12bn per year, through products that are closely tailored to their needs. However, achieving this transformation depends on adoption of open banking at scale – by both consumers and innovators.
Nesta Challenges, in partnership with Open Banking Limited, is launching the Open Up Challenge, a £1.5 million prize fund to support and reward game-changing products and services that could lead the breakthrough in consumer adoption of open banking.
Join us to celebrate the launch and hear a panel of industry experts tackle the big questions:
- How can the great ideas gain the trust and traction they need to take off?
- How can new services create competitive advantage from best practice in consumer data and transparency?
- How can open banking widen markets and serve the cause of financial inclusion?
- What are the business models that will capitalise on the open banking opportunity?
Dave Birch - Author, Advisor and Commentator on Financial Services (Chair)
Andrea Reynolds - CEO and Founder, Swoop
Faith Reynolds - Independent Consumer Expert
Plus more speakers to be announced.
Registration will open at 18:00, with the event starting promptly at 18:30. The event will finish at 19:30 followed by drinks and networking until 21:00.