The modern-day, tech-savvy consumers’ demand for a more avant-garde service, gave rise to what’s now called the open banking revolution. And, it is changing the way transactional data is shared, used, and stored outside Financial Institutions.
This paradigm shift is actively transforming the payments landscape, and with cryptocurrencies squeezing its way toward the innovation space, it looks like it’s set to play a significant role.
We had a chat with the BigONE Exchange Chairman, Anndy Lian to discuss the potentially life-changing opportunities that Open Banking brings and how crypto can be leveraged in this new scene.
What We Discuss:
- [00:02:01]Give us an overview of what open banking is. How is this bringing some disruption and some benefits to the traditional roles of things like lending and credit?
- [00:04:51] Do you see any other benefits to the area of credit decision?
- [00:08:05] How specifically do you see open banking benefiting people who are either looking to get in crypto or who are already in the crypto space?
- [00:12:25] Have you seen a large take up for that sort of access of on ramping via open banking on your exchange?
- [00:15:58] What are some of the security benefits that open banking brings?
- [00:17:51]What do you see is next for open banking in terms of helping the credit, lending space, and the crypto exchanges picking up this technology of using open banking?
Episode Resources:
Watch it on YouTube HERE: https://www.youtube.com/watch?v=kgH2oLqsKBA
