Open Banking Expo donates £1,180 to Open Banking for Good cause

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Open Banking Expo has donated a percentage of its ticket sales from its London event to The Money Charity.

The event organisers entered a partnership with Nationwide’s Open Banking for Good challenge and The Money Charity in 2019 to support the latest fintech innovations helping the UK solve financial capability problems. A total of £1,180 has been donated.

Open Banking Expo London took place on 13 November 2019 and brought together more than 500 innovators, disruptors and visionaries who are shaping the future of Open Banking.

More than 80 experts spoke at the event, including Nationwide’s co-leader for its Open Banking for Good challenge, Gareth McNab, and The Money Charity’s interim chief executive officer Erik Porter. They hosted a session entitled ‘Open Banking for Good; helping the most vulnerable in society’ in which they highlighted the progress of their fintech partners who are creating apps to support the UK’s most vulnerable, and shared the challenges they faced and insight gained along the way.

Erik Porter, acting chief executive officer for The Money Charity said: “We were delighted to have been chosen to be in partnership with Open Banking Expo London as the event’s sole beneficiary, and incredibly grateful for such a generous donation to our work through proceeds from ticket sales. As the UK’s financial capability charity, we strongly believe in the force for good that money can be in people’s lives, helping them to achieve their goals, grow their financial wellbeing, and live happier more positive lives. We remain truly excited about the possibilities Open Banking offers in making people’s personal finances more manageable, more accessible, more intuitive and more inclusive.

Adam Cox, co-founder of Open Banking Expo said: “The team at Open Banking Expo champion the adoption of Open Banking to help the most vulnerable in society. We truly believe that realising the true value of data can make the difference needed to enhance the financial inclusion and wellbeing of consumers both here in the UK and further afield. It’s time all corners of society benefited from adopting Open Banking principles and we look forward to continuing our partnership to support such a worthwhile cause.”