What is Open Banking?

from Mr. Open Banking · host Origins Media Haus, Eyal Sivan, Quill Inc.

So, what is open banking and how does it work?In our first episode of Mr. Open Banking, Eyal sits down with Chris Michael, the Founder of Ozone API and the development leader of the open banking implementation entity (OBIE), to discuss the technology behind open banking. If you’re not a techie, don’t worry, we do our best to explain everything in a simple, easy to understand way. By the end of this episode, you will have a clear foundation of what open banking is all about, how it can be used, and why it is supporting a better financial ecosystem for everyone. Specifically, the episode touches on: What is open banking? What are APIs and why are they important? Is open banking safe? Should we share our financial data? What could happen if banks don’t adopt open banking? If you want to learn more about Chris and his work at Ozone API, you can find him atwww.ozoneapi.com.