Open banking, or managing finances without borders – this is a trend that, thanks to the digitalization of the banking sector, is gaining momentum and from which there is no escape. It would be unwise to underestimate this field, so if you don't want to be left at the starting line in the ongoing technological race, you must get to know Gavin Littlejohn, one of the speakers at the spring edition of Impact’21.
Gavin is a born "fintechie" who has been developing innovative financial management solutions for many years and knows how to succeed in building a business from scratch. As he himself says, "being an entrepreneur means adapting to change and seizing opportunities."
Our hero's sporting past – he has had spells in boxing and rugby – has instilled in him the qualities necessary for business success: determination, consistency, perseverance, and resilience to mounting adversities. An example of his managerial abilities is Money Dashboard, one of the largest financial management service providers in the UK today, which was founded by Littlejohn himself, who served as its president until 2015.
Currently, as CEO of the Financial Data and Technology Association, Littlejohn leads the movement to promote open banking and foster common technical standards and consistent accountability models in the financial sector.
According to Littlejohn, open finance is "the biggest and most important innovation in the financial services sector since the dawn of the internet."
Gavin Littlejohn also sits on the UK's Open Banking steering committee. As he admits, the entire banking environment requires that digitally offered financial products and services are sold in accordance with regulations. He added that open banking and open finance represent a huge opportunity for banks, which will be able to offer customers better service thanks to these solutions.
– Currently – from the customers' perspective – they suffer from relatively limited access to financial advice. Any applications that help customers solve their problems are only as smart as the data you put into them – so open banking allows the customer to see a true picture of their financial "self" – Littlejohn explained.
Open banking is one of the leading topics that will be featured on the Impact’21 stage in May. Gavin Littlejohn will be speaking there on May 12th!
What can we expect on the Impact’21 May stage?
Since its inception, Impact has organized events that are a phenomenon on the Polish conference market. The traditional format of long panel debates has been replaced by short, dynamic presentations. Impact has also changed its approach to the roundtable format. At Impact, they last shorter than usual, and during them, very specific topics are discussed in a small, closed group. The Impact team also focuses on popular speakers from abroad and constantly seeks new technological inspirations.