Venable partner Jonathan L. Pompan will present “Is Now the Time for Opening Banking?” at OLA’s Executive Policy Summit in Washington, DC on April 28, 2022. The rise of open banking holds the potential to revolutionize how consumers use and interact with their finances, allowing greater access to a broader range of products and services. Today, consumers are more likely to choose a financial institution that allows information sharing that is easy to use and collaborative. However, rigid legacy banking systems and questions about liability, coupled with an antiquated regulatory structure, are creating significant barriers to the growth of these new technologies. Jonathan will discuss how forward-thinking companies can take advantage of this growing alternative to traditional financial systems.
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