Will Open Banking Kickstart Financial Disruption? Shared Lunch podcast

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Will open banking kickstart financial disruption?

1d ago 25:36

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Could open banking finally create real competition for money services—beyond the banks? We’re talking to Ben Lynch, who left Xero to found Akahu, the open finance intermediary pushing to change the balance of power between banks, their customers, and their competitors.

This episode explores how open banking aims to democratize your financial data, letting fintech businesses innovate and become a “bank without being a bank”.

Hear about Ben’s battle to bring the new Consumer Data Right into law, giving individuals more meaningful ownership of their personal information—the foundation of open banking. We discuss how this legislation forces banks to use APIs (application programming interfaces) to share data, and creates more space for disruptors like Sharesies to offer consumers choice.

Plus, hear the story of how Ben used a tweet to get his foot in the door at Xero.

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