Fintech Takes x SOLO Presents Source of Truth Episode 4: Wave a Magic Wand

Fintech Takes

We’re at the finish line of Source of Truth, the new podcast miniseries from Fintech Takes, sponsored by our friends at SOLO.

And much like in a relay race, Eric Woodward (CEO at FinatIQ, who shaped one of the most successful digital payment platforms in the U.S. as the former Group President at Early Warning, the parent of Zelle) is the anchor that’s going to bring us home.

In this final episode on information asymmetry in financial services, we zoom out to the system level: who controls financial data, who pays for access, and what a healthier network could look like.

If we could wave a magic wand and start with a blank sheet of paper, how would we design data infrastructure (drawing from the lessons learned by credit bureaus, open banking data aggregators, and industry consortiums) to actually work best for the ecosystem?

Highlights include:

• The tradeoffs of three models: credit bureaus, consortiums, and open banking

• BNPL’s reluctance to furnish data (and what that means for consumers)

• Why a better framework needs consumer control, broader furnishers, value-based pricing, full-file expectations, and clear network rules

Anchor leg, final lap: consumers in control. Furnishers compensated. Shared rules. Game on. Enjoy the finale of Source of Truth!

This miniseries is brought to you by SOLO.

SOLO resolves and connects customer data across silos — so teams stop rekeying the same customer info for the hundredth time and finally move forward.

Break the cycle at SOLO.one - That’s SOLO dot o-n-e.

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Follow Alex:

YouTube: https://www.youtube.com/channel/UCJgfH47QEwbQmkQlz1V9rQA/videos

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Twitter: https://www.twitter.com/AlexH_Johnson

 

Follow Eric:

https://www.linkedin.com/in/ericwoodward

Learn more about SOLO here.