Ep20: Banks Turned Data From a Regulatory Headache To Secret Weapon

In this episode I chat with Rich Edwards, CEO of Mindspan systems, about the changing tech and data landscape for Financial Institutions, especially big banks vs. regional ones - how Mindspan turns tech into a commodity and data from what was once a regulatory liability into a democratized operating asset. In this age of consolidation we chat about how data is the smaller banks’ secret weapon to improve service, add innovation and combat bias in financial data that has historically barred access to services from underrepresented communities. We also chat about how financial data is shared more broadly among financial institutions through the Open Banking framework and what that means for privacy and competitiveness.

You can listen to Ep20: Banks Turned Data From a Regulatory Headache To Secret Weapon online on Radio and Podcast. Open the player on this page to stream the available audio.

Ep20: Banks Turned Data From a Regulatory Headache To Secret Weapon is an episode from Who's your Data? Podcast by Who's Your Data.

This episode is 00:45:00 long.

This episode was published on Aug 12, 2023.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from Who's your Data? Podcast when more episodes are available from the podcast feed.