Who benefits from open banking?
Date:
As part of the Inbest team, we presented at the University of Edinburgh Business School where we discussed the implications and applications of Open Banking — specifically third-party access to account holder data. The event brought together experts from FinTech Scotland and our company to explore how open banking is reshaping the financial landscape.
Our research was focused on payday loans and their impact on customers’ financial situations. The talk, titled “Who benefits from open banking?”, examined how payday loans affect the financial health of borrowers and their consumer behaviour patterns. Our analysis provided insights into the real-world consequences of these financial products and raised important questions about who truly gains from open banking frameworks.
The session offered an opportunity to engage with the academic and fintech communities on the practical and ethical dimensions of open banking, and to share the data-driven findings we had developed at Inbest.
