Sam Jennings, Head of Payments Strategy and Tasha Chouhan, UK Banking Sales Lead at Tink sit down to discuss their lending use case with Helen Child, Founder of Open Banking Excellence.
Explore how open banking is revolutionising credit assessments by incorporating new data points from bank accounts. Traditional credit bureaus have long used specific metrics to determine creditworthiness, but open banking allows for a deeper analysis of transaction data, offering financial services to previously underbanked individuals. This video highlights the potential of open banking to improve access to credit by enhancing existing data with valuable insights from payment accounts, enabling broader financial inclusion.
#OpenBanking #Creditworthiness #FinancialInclusion #Fintech #BankingInnovation #fintechinnovation
About Tink
We are a company of developers and engineers – it’s in our DNA to imagine, build and iterate. We were founded with a vision of transforming an industry that lacked competition and momentum. And we have built a company of passionate over-achievers who all believe there is always a better way of doing things.
People from all over Europe – and the world – have joined us on our mission to build the biggest and best open banking platform in Europe. Today, Tink is wholly owned by Visa, and is a trusted partner to big banks, fintech unicorns and startups.
What is Open Banking Excellence (OBE)?
Open Banking Excellence (OBE) is the world's leading community of Open Banking and Open Finance pioneers. It's an industry 'campfire' that brings together FinTechs, banks, industry participants, regulators, BigTech companies and legal advisers to learn, share stories, spark debate and collaborate.
Our mission is to be the authentic voice representing a global movement of like-minded experts who through collaboration provide technical, regulatory and legal insight into Open Banking and Open Finance and their wider implications for a dynamic, innovative and fast-growing financial sector.
We believe Open Finance will help build a better world through financial inclusion, social change and by providing greater control and choice to us all.
About Money 20/20
Money20/20 is the world’s leading, premium content, sales and networking platform for the global money ecosystem.
From in-depth analytics to inspirational speakers, our world-class insight and networking opportunities help our customers stay ahead – powering strategies and relationships and switching mindsets.
Money20/20 promises the clearest and most distinctive focus on what’s next across the world of Payments, FinTech and Financial Services.
Be part of the global movement shaping the future of money.
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Helen Child, Founder Open Banking Excellence (OBE).
