Europe's Fintechs to Pay Banks for Premium Customer Data
Fintech Yapily's CEO, Stefano Vaccino, predicts that by 2026, fintech platforms in Europe will pay banks for "premium" customer data, including email addresses and mortgage account details.
US banks are openly discussing charging open banking fintechs for access to their customers' data.
This development comes as banks explore new opportunities, such as AI-led compliance, according to group CEO Ben Richmond.
- 15% of euro funds are unready for margin calls.
- The traditional opaque financing playbook is being reused.
Author's summary: Fintechs to pay banks for customer data by 2026.