Open Banking: a force for good in society
Open Banking has a pivotal role to play in bringing together charities, technology and financial service providers to develop innovative solutions to this challenge. This video looks at one of these initiatives, where Open Banking APIs can safely, securely and swiftly make people’s financial and transaction data available to the organisations they have turned to for help.
The story is a clear example of Open Banking enabling innovation and helping some of the many issues people are facing in society today: sifting through volumes of data to build an accurate picture of financial positions, creating strategies to get out of debt, and improving money management to minimise the chances of debt re-establishing itself in their lives.
With expert contributions from:
- Faith Reynolds, Independent Consumer Representative, Open Banking Implementation Entity
- Caroline Hamilton, Sector Engagement Manager, The Money Advice Service
- Tim Rooney, Commercial Director, Big Issue Invest
- Heather Keates, Founder & CEO, Community Money Advice
To learn more about how Open Banking is supporting innovation for social good, you can visit Insight and Contact Us, or visit Providers for more detail if your organisation is looking to participate in Open Banking.
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