Unlock the secrets of open banking with tech veteran Kieron James. Prepare to be taken on a journey from the early days of web development to the cutting edge of financial technology. We explore how open banking is disrupting the traditional banking sector, why banks are scrambling to keep up, and the crucial part played by the Open Banking Implementation Entity (OBIE). Also, learn about the transformative influence of open banking within the charity sector, as well as the challenges and rewards of introducing a new method of payment.
But we’re not just talking banking and finance, we’re also entering the thrilling world of entrepreneurship. Kieron is not only a serial entrepreneur, but a true expert on the process of starting a business in the charity sector. Whether you’re curious about the nuts and bolts of the authorization process, intrigued by the potential challenges of introducing a novel payment method, or simply eager to learn from Kieron’s own experiences with startup funding –you’re in for a treat. We also delve into the importance of setting yourself apart in a crowded market like Fintech, and the immense value of a unique value proposition.
To wrap up this episode, we look beyond the horizon to the future of open banking. Discover how open banking is revolutionizing payment processes, elevating security, and improving user experience by streamlining transactions.
More about Kieron:
An entrepreneur with 30 years of experience in launching and scaling start-up businesses in the ICT sector, I am the CEO and Founder of Wonderful, a company that provides simple, fast, and secure instant bank payment technology. By leveraging Open Banking and at just 1p per transaction, Wonderful payments are much cheaper than debit and credit card processing. (Our payment processing and fundraising platform are both completely free for UK charities.) I am also Non-Executive Director at the Fundraising Regulator, where I contribute to the regulation and promotion of ethical fundraising practices in the UK.
https://wonderful.co.uk
https://linkedin.com/in/kieronjames