Dec 12 2024 30 mins
Akoya CEO Paul LaRusso and National Bankers Association President & CEO Nicole Elam join Niki in the studio to break down the API revolution in banking. They explore why, after decades of traditional banking, there’s been a growing demand for so-called “open banking,” what the CFPB's new rule means for consumers and financial institutions, and how organizations are navigating this tech transition. Plus, Niki shares why screen scraping makes her nervous, Nicole predicts that the future of banking means being both high-tech and high-touch, and Paul makes the case for consumer control of their banking data.
“As a consumer, I should be able to choose what application I want to use, what data I want to use, and with who and for how long. And we're trying to empower that consumer to do that.” -Paul LaRusso
“Fintechs were thought of as disruptors and now they're not seen as disruptors. Now they're a necessary partner that you've got to have at the table to help you serve your customers.” - Nicole Elam
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- Learn more about the National Bankers Association
- Learn More at www.techedup.com
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