Advice Amplified with Pete Ridlington - Jon Hart explores Open Banking and Open Finance, discussing the empowerment through secure financial data sharing and the future of fintech in episode 20.

Release Date: 11/06/2024|Season: 1|Episode: 20

Jon Hart

Open Finance and Open Banking: Data Empowerment: Jon Hart

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Learn about the world of Open Banking and Open Finance with Jon Hart, the API Partnerships Director at Moneyhub Enterprise. In this episode, Jon explains Open Banking and how it empowers individuals to own and share their financial data securely. He explains the broader scope of Open Finance, which includes investments, pensions, properties, and mortgages, and discusses the potential for revolutionary changes in how we interact with financial services.

In this episode, Jon and Pete discuss:

  • 00:00 - Introducing Jon Hart
  • 00:54 - Open Banking vs Open Finance
  • 08:43 - Open Banking APIs and third-party aggregators
  • 10:04 - Open Banking use cases
  • 14:32 - Helping people to understand the APIs
  • 16:55 - Fact finding
  • 22:33 - MoneyHub’s purpose and mission
  • 23:53 - Pensions dashboard
  • 27:00 - Will it solve information requests and LOAs?
  • 28:40 - Looking into the future of financial advice and tech