Open banking: Refinance in 15 minutes
Open banking could see borrowers refinancing their home loans in 15 minutes, according to one panellist at a recent fintech summit.
The event, held in Sydney on Tuesday (16 October), focused on how digital innovation was changing finance.
The program included speakers and panel discussions on topics such as challenger brands, neo-banking and open banking.
One panel session on challenger brands and neo-banks discussed the future of open banking.
Panellists included CEO of VOLT bank, Steve Weston, and chief marketing officer of Athena Home Loans, Natalie Dinsdale.
Athena Home Loans is still in a soft pilot phase, but Dinsdale said its “mission is to own home loans”.
Other panellists were co-CEO and co-founder of Judo Capital, David Hornery, co-founder and chief strategy officer at Xinja, Van Le, and founder and CEO of Douugh, Andy Taylor.
The group talked about how open banking might change the way they interact with customers.
VOLT’s Weston said the sharing of data could mean switching banks becomes a whole lot easier.
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