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Open Banking

American Banker: Staking out banks’ place in the open financial web

CEO Steve Smith was recently interviewed by¬†American Banker’s Mary Wisniewski to comment on working with Wells Fargo, the importance of collaboration between financial institutions and fintech companies like Finicity, and the future of the open financial web.

“Steven Smith, chairman and CEO of Finicity, says Wells Fargo deserves recognition for something that had only been a topic of discussion in the U.S. until the San Francisco bank inked a deal with an aggregator, his company. Also by partnering with Finicity, Wells is supporting an open financial web that is more inclusive and not just targeting the most popular fintech apps. ‘It was the first big step,’ Smith said.”

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