What it takes to scale Open Finance and AI in Europe
Joris Hensen, founder and co-head of Deutsche Bank’s API Programme, has spent 10 years working in Open Banking. He reflects on the progress made in Europe and the UK, and the bank partnerships that have evolved to create tangible outcomes. He also discusses the EU’s Financial Data Access Regulation (FiDA), which is an Open Finance framework, and why there are concerns that it could lead to fragmentation as schemes roll out. Joris explains an initiative in Germany, the FiDA Roundtables, established alongside TechQuartier, that brings together banks and insurers to explore the opportunities and potential products that the framework could generate. The conversation also moves onto AI and how, in combination with structured financial data, it can help create hyper-personalised products. Finally, Joris reflects on what he would like to see from this year’s Open Banking Expo Awards entries, as a member of the judging panel.
Joris Hensen
Joris Hensen
Open Finance Lead Deutsche BankJoris Hensen is responsible for the client facing business of the Deutsche Bank API Program, which he co-founded in 2015. With more than 50 partnerships and a company-wide coverage of data-based products, Deutsche Bank is now one of the world’s leading open banking players. The Developer Portal of Deutsche Bank gives partners quick and easy access to more than 40 API products, enabling them to connect personalized apps and services and thus open up new areas of value creation.
Joris’ work includes brand and partnership development in the area of open banking as well as the expansion of internal processes and structures to accelerate the bank’s digital transformation.
In his more than ten years at Deutsche Bank, Joris Hensen has worked as a project manager on various international projects. He became enthusiastic about innovations and trends early on and set up a corporate foresight program in which he developed future scenarios and innovation strategies for Deutsche Bank. He now regularly writes and publishes on the topics of foresight, innovation, and APIs.
In his spare time, Joris is committed to supporting entrepreneurial school and financial education as well as social entrepreneurship for more than 400,000 young students in India (www.karmaheld.de).
Ellie Duncan
Ellie Duncan
Head of Content Open Banking ExpoFormer Financial Times Group journalist Ellie Duncan has a decade of experience across financial services. While arguably best-known for her asset management work, she has also covered open banking, credit, private equity and entrepreneurship.