We then got the lowdown on all things PSD2 from Matt Newman, our General Counsel here at Starling. He went through what exactly it means, and how its emphasis on strong customer authentication, open APIs and capping fees means that it protects consumers but creates opportunities (and why any tech business hoping to progress needs to know about it).
Next up was a dynamic panel discussion between Megan, Edward Berks (the Director of Financial web at Xero); Graeme McLean (Head of Banking Lending & Protection at the FCA) and Steve Naude (Head of Banking Partnerships at TransferWise). They chatted about the potential of the marketplace concept and what it will mean for tech companies and their ability to effect change in their customers lives.
Steve from TransferWise also discussed their early experiences of working with banks, and was refreshingly candid about the benefits and drawbacks they faced during that time.
And then there was beer
Beyond the discussions and insights revealed throughout the day, we also made sure that there were plenty of opportunities for networking and connection afterwards — helped along the way by drinks and nibbles.
The sheer range of professions and industries in the audience meant it felt like a real meeting of minds; attendees ranged from small, established and brand new fintech types, government reps, security officers and people who were generally just excited about the idea of partnering with Starling to bring their product to the marketplace.
A quick recap of the event: