Open Banking Expo announces today a partnership with Nationwide Building Society’s Open Banking for Good challenge and The Money Charity. At its flagship London event, Open Banking Expo will reveal the progress of Nationwide’s fintech partners who are creating apps to help solve financial capability problems, and donate a percentage of ticket sales to The Money Charity.
Nationwide selected seven fintech companies earlier this year to take part in its Open Banking for Good challenge. The challenge, born of the Inclusive Economy Partnership, will see Nationwide, partner organisations and the selected fintechs work together to help the most financially squeezed. The challenge is supported by a £3 million fund from Nationwide.
Open Banking Expo brings together innovators, disruptors and visionaries who are shaping the future of Open Banking. The London event takes place on Wednesday, 13th November 2019 and features an agenda with 60+ speakers from leading banks, payments providers, fintechs and government.
The partnership will see Nationwide’s money liaison officer, Gareth McNab, and The Money Charity’s interim chief executive officer Erik Porter provide insight on why the financial services industry should be working harder than ever to utilise banking data to assist the most vulnerable in society.
Open Banking Expo will donate a percentage of its ticket sales for its London event to The Money Charity, the UK’s financial capability charity whose vision is for everyone to be on top of their money as a part of everyday life; to enable more control, reduce stress and increase wellbeing.
Adam Cox, co-founder of Open Banking Expo said: “We’re delighted to partner with Nationwide’s Open Banking for Good challenge and The Money Charity. Since the event’s inception, we have championed the use of Open Banking data to help the most vulnerable in society and we are pleased to donate a percentage of tickets sales to do just that; helping those who need it gain control of their money for a better future.
“We still feel there is a long way to go as an industry, but if we continue to harvest closer relationships between fintechs and lenders, we can bridge the financial inclusion gap and offer fairer finance for all.”
Erik Porter, acting chief executive officer for The Money Charity said: “As the UK’s financial capability charity, we’re delighted to be in partnership with Open Banking Expo London as the event’s key beneficiary. 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. That’s why we are so excited about the possibilities Open Banking offers in making people’s personal finances more manageable, more accessible, more intuitive and more inclusive”
Rachael Sinclair, Nationwide’s OB4G Programme Leader said: “Open Banking for Good is guided by Nationwide’s founding purpose; that people can achieve more together, than they can apart. By focusing on collaboration, rather than competition, Open Banking for Good focuses the drive for innovation, enables FinTechs, Nationwide and our charity partners to support each other to overcome barriers and build solutions that can make a positive difference to people who need our support.”