Megan Caywood is chief platform officer at Starling Bank, one of the UK’s newest and most tech-forward banks. Megan is responsible for the design and development of Starling’s API strategy and the bank’s marketplace, both of which we discuss in detail in today’s conversation.
And what a timely conversation it is. PSD2 in Europe and open banking in the UK took effect on Saturday 13 January, the day after we recorded this episode, making effective one of the most dramatic changes to the banking industry in decades.
Open data models, APIs and multi-party customer experience are core to Starling’s model in the same way they are to those of Google, Apple, Facebook and others. It’s unclear how quickly the impact of open banking will be felt or exactly how the legislation will affect the market, but it could be transformational.
You can listen to more episodes of Rebank, and other fintech shows, on the BankNXT podcast page. Enjoy!
– This podcast is reproduced with kind permission. Some minor changes may have been made to the text to reflect BankNXT style considerations, but the podcast itself is always unchanged. Image by Maksim Kabakou, Shutterstock.com