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Consumers are continuously evolving and asking for better, cheaper, and more convenient ways to manage their money. So in an increasingly incalculable post-pandemic world, it looks like banks are doubling down on innovation — you know what they say, if you wish to survive, adapt, and leverage.
Principal at management consulting company, 15Mb Ltd., David Birch sat down with us to demystify what that looks like in a wider financial marketplace where it’s all about crypto and blockchain, along with their implications from 2022 and beyond.
Give us an overview of where open banking fits into crypto? And where are we now in open banking?
Are you seeing crypto exchanges, or crypto wallets already using open banking? Or are they just starting to look at it now?
What would be needed for crypto platforms to integrate open banking?
For companies looking to implement open banking, what realistically would they need to do if they're going to someone like Plaid, for example, what else is needed?
Do you think decentralised platforms and wallets will stand a chance of getting these setups and getting the regulation in place to get an open banking setup?
Where will open banking change, and affect crypto over the coming years?
Last thoughts on the growth of DeFi —What are your predictions?
Meet David Birch
David G.W. Birch is an author, advisor, and commentator on digital financial services. An internationally-recognised thought leader in digital identity and digital money, he holds a number of board and advisory roles across these fields. He is a Forbes contributor and a columnist for Financial World and has just been voted one of the UK’s Payments “Power 10” and ranked one of the top 100 global fintech influencers for 2021. Previously named one of the global top 15 favourite sources of business information by Wired magazine and identified as one of the top ten most influential voices in banking by Financial Brand, he created one of the top 25 “must-read” financial IT blogs and was found by PR Daily to be one of the top ten Twitter accounts followed by innovators.
The LSE Review of Books called his book “Before Babylon, Beyond Bitcoin: From money we understand to money that understands us” a work that should be “widely read by graduate students of finance, financial law, and related topics as well as policymakers involved in financial regulation”. His most recent book “The Currency Cold War”, published in May 2020, examines the implications of the introduction of digital currency and was rated one of the top ten best cryptography books by BookAuthority.
Dave graduated from the University of Southampton with a B.Sc (Hons) in Physics.
Contact the 15Mb Ltd. and David