How Open Finance in Payroll Data can Re-shape Financial Products episode artwork

EPISODE · May 27, 2021 · 22 MIN

How Open Finance in Payroll Data can Re-shape Financial Products

from The MoneyPot · host Rachel Morrissey, Roland Bodenham, Sanjib Kalita,

Open finance is gearing up to change the way that financial products are developed and delivered.   For example, payroll data underpins almost all retail financial products.   Having better, cleaner, faster access to that data could change the way financial risk is assessed.   So, what has kept us from using it before? - cost, privacy, speed, verified accuracy, and technological capability.   But, all of that could be set to change according Kurt Lin, the Co-Founder and CEO of Pinwheel,  the API for payroll.  Guest:  Kurt Lin, Co-Founder and CEO of PinwheelHosts: Sanjib Kalita, Editor-in-Chief, Money20/20Rachel Morrissey, Producer, Money20/20Producers:  Roland Bodenham, Senior Video Editor and Podcast Lead, AscentialRachel Morrissey, Producer, Money20/20Follow Money20/20:YouTube: @Money2020TvLinkedIn: https://www.linkedin.com/company/money2020/Instagram: https://www.instagram.com/money20_20Facebook: https://www.facebook.com/Money2020X: https://www.twitter.com/Money2020TikTok: https://www.tiktok.com/@money20_20

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Open finance is gearing up to change the way that financial products are developed and delivered. For example, payroll data underpins almost all retail financial products. Having better, cleaner, faster access to that data could change the way financial risk is assessed. So, what has kept us from using it before? - cost, privacy, speed, verified accuracy, and technological capability. But, all of that could be set to change according Kurt Lin, t...

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