A new era of open banking with John Pitts, Head of Policy at Plaid

In October, the CFPB proposed a rule that would accelerate a shift toward open banking, giving consumers more control over their data and bolstering competition for banks and fintechs to up their game. Plaid, the open banking pioneer that seamlessly connects fintechs and services with banks, has been a key player in this evolution. And now that income and employment data is much more integrated into Plaid services, the company believes a new era with even less friction and greater protection has arrived. Hear from John Pitts, Head of Policy at Plaid and former CFPB employee, as he discusses these exciting advancements as well as potential hurdles ahead in the open banking revolution, the inevitable (healthy) tension between governments and fintechs, the promise of both retail and wholesale real time payments, and the latest developments at Plaid as they further solidify their role in a more open era of banking.