Empowering Consumers through Open Banking with Alex Johnson & Jason Henrichs

In this episode of Counting Change, hosts Arjun Sahgal and Rachel Reid discuss open banking with guests Alex Johnson and Jason Henrichs.

Alex and Jason are both hosts on leading fintech podcasts, with Alex being the host and founder of Fintech Takes whilst Jason is a co-host at Breaking Banks. Jason is additionally the CEO of Alloy Labs Alliance.

The conversation covers the evolution of open banking, its impact on underwriting and cashflow analysis, and the challenges faced by community banks in adapting to these changes. The guests share their insights on how open banking can enhance consumer experiences and increase competition in the financial services landscape. In this conversation, the speakers discuss the evolving landscape of banking, emphasizing the critical role of data exchange, the importance of building trust with consumers, and the future of autonomous finance. They explore how banks can differentiate themselves by offering better products and services tailored to specific customer segments. The discussion also touches on personal experiences and preferences in financial services, highlighting the need for banks to adapt to changing consumer behaviors and expectations.