Ep568: How banks are looking to monetise open banking

Stephen Wright, Head of Regulation & Standards, Bank of APIs, NatWestOpen banking now has 7 million customers in the UK who, for the most part don’t know they are using open banking capabilities. But most of what they are doing does not earn the banks any money! So the question becomes what can bankers do to monetise open banking, and build on what has been developed into a sustainable business for the future? Robin Amlôt of IBS Intelligence speaks to Stephen Wright, Head of Regulation & Standards, Bank of APIs, NatWest.