Open banking in US sees 'groundswell' of demand

Show Notes

Core provider Jack Henry’s open banking strategy will facilitate a fintech-enabled digital ecosystem for community banks as a response to a widespread shift in the financial services landscape.  

The fintech disruptions and digital innovation that have caused sweeping changes in financial services have pushed local and regional banks to adjust. As community banks manage the shifting landscape, they must also take notice of the consumer push for open banking, Jack Henry Chief Executive David Foss says in this episode of “The Buzz” podcast. 

“There's been this real groundswell of open banking demand in the United States,” Foss tells Bank Automation News. “People are telling their financial institution that if they can't get data out of their financial institution to share with whoever they need to share it with, they'll find a different financial institution.” 

Listen as Foss shares the details of Jack Henry’s open banking roadmap, along with observations on the implementation of digital banking innovations.  

What is The Buzz on Bank Automation News?

The new podcast covering current trends and intriguing topics in automation and beyond courtesy of Bank Automation News, the definitive source for insights and news surrounding automation in financial services.

Formerly Bank Innovation, since 2009 Bank Automation News has been at the forefront of tracking the evolution of digital banking. With the future of innovation pointing to opportunities in automation, we have transitioned the focus of our coverage to continue to provide insights and information that guide industry professionals to better results.

Automation is the next frontier of financial services technology. It will improve or transform most banking processes from customer experience to compliance, lending solutions and investment. Automation technology will create the greatest transformation at financial institutions since the digitization of financial services in the wake of the Credit Crisis. Banks that are not already investing in automation technologies must begin shifting their focus to remain competitive. This transition requires investment in training and educational resources.

Bank Automation News is the first and only news and education source dedicated to fostering this emerging segment of financial services technology.