Open Banking, Rule 1033, and the Risk of Being a ‘Fast Follower’ FI | BankTalk Episode 140

We are in a data cold war that is beginning to warm up. Today, community banks only hold 20%-25% of their customers’ total financial data, due to the financial fragmentation of average Americans. With this massive data deficit on customers, bankers are realizing the need to switch from defense to offense when it comes to gathering information that can be put to work for the bank. Open banking is the best way to plug those data deficits by securing customers’ permission to aggregate their disparate financial data back to the bank from the 10-15 other financial service providers they typically use. Join the discussion with Jack Henry’s Sr. Director of Corporate Strategy, Lee Wetherington, on the importance of data regardless of the regulatory chaos at the federal level.Send us Fan MailPresented by Remedy ConsultingPricing Page unPackedWhere pricing strategy meets the real world.What actually happens...Listen on: Apple Podcasts   SpotifyFor more information on BankTalk:BankTalk  WebsiteSubscribe to BankTalk NewsRemedy Consulting WebsiteRemedy LinkedInTo speak on the BankTalk Podcast, please  email us.