In an interview with PYMNTS.com, the head of network and partnerships for Bud, Alan Walsh, talks about the state of open banking in the UK; he believes that traditional banks are coming around to the idea of collaboration with fintech companies because it makes the financial lives of consumer simpler; open banking can benefit banks by fostering trust with consumers; Walsh said, “This really is where traditional players are now starting to sell and position third-party products within their own ecosystem”. Source.
