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Experts Share How Open Banking and Finance will Transform Fintech Service Delivery
MIAMI–(BUSINESS WIRE)–Sensedia, a global leader in delivering API solutions for companies adopting a more digital, connected, and open strategy, today presented Thinking Outside the Vault – Why Open Finance Opens Doors to Opportunity. This expert panel discusses how open banking, open finance, and secure data sharing are transforming financial service delivery for businesses and customers in North America.
Participants included Sensedia’s Felipe Torqueto, Head of US Solutions; Natalia Cruz, Head of Open Finance; FDX’s Managing Director, Don Cardinal; AWS’s Worldwide Banking Industry Lead, Charith Mendis; Chris Kennedy, SVP Strategic Initiatives, Technology & Operations at Regions Bank; Brandon Baines, VP, Relationship Manager Tech Enabled Banking at Customers Bank; and Industry Analyst, Randy Hefner. Paul Wilke, CEO of Upright Position Communications, moderated the discussion.
“Banks need to think of themselves as product companies and design their tech and business strategies in a way that’s adaptive because business models are evolving. Until we know exactly what the right business model is, the ability to adapt using the architecture is going to be crucial,” said Charith Mendis.
The expert panel shares their predictions for 2023 and valuable insights into this evolving ecosystem, including:
“2023 will be unpredictable, and we have to be ready for anything,” said Randy Hefner. “But fundamentally, the combination of architecture, governance, imagination, and a broad definition of what business we’re in – almost defining we don’t know what business we’re going to be in tomorrow – is the outlook and perspective that will allow a bank or other financial institution to find an opportunity to invent whole new ways of doing things that we hadn’t thought of before.”
The presentation can be viewed here.
Sensedia supports companies to become more digital, connected and open through a technology platform and expertise in APIs and Microservices. Whether aiming to integrate channels, enable partner ecosystems or create modern multi-cloud/hybrid architectures, innovative enterprises rely on Sensedia as a partner in API Management, Microservices, Service-Mesh, Open Banking and enabling rapid legacy integration. More at Sensedia.com.
Upright Position Communications on behalf of Sensedia