Open Banking Access: To Charge or Not to Charge: That is the Data Access Question

Who owns the data behind the banking industry? What exactly counts as a value-added service? And who actually has the right, or justification, to charge for access? This debate will take a fresh, provocative look at these fundamental questions. While financial institutions argue they build the products and infrastructure, many FinTech's and aggregators, and increasingly regulators, say the data belongs to the customer. Meanwhile, some core vendors act like they own it all. As we shift from a service economy to one rooted in experience and transformation data has become the currency of value. But what makes data valuable? Is it raw, or refined? Who assembles it, enhances it, or simply sells the pipes? Drawing on concepts like Europe's VAT (Value Added Tax), we'll explore whether layering services on top of raw data justifies a fee, or if it's just modern-day rent-seeking. Expect a lively, banter-filled debate with sharp perspectives on both sides of the aisle. Audience polls at the beginning and end will settle who wins, if such a thing is even possible. The future of fintech and the customer experience may hang in the balance. Join us to challenge assumptions, stir up some trouble, and rethink what open really means in open banking.