David Yakobovitch spoke to Duncan Barrigan, Chief Product and Growth Officer at GoCardless about Open Banking in the US, innovation in payments and the FinTech megatrends.

Here is what they covered:

1) Brief introduction of GoCardless

A potted history of the last 10 years
Growth in the US
GoCardless’ recent open banking feature-Instant Bank Pay, a new open banking feature directly integrated into its global payment platform

2) a) Payments landscape discussion of the US, UK/Europe

Recurring payments and the subscription-based economy

2) b) Open Banking in the UK and what that means for the US

Open Banking discussions are heating up in the US-but are we ready?
What will we need to make it successful?

3) Development of FinTech globally

UK FinTech as one of the OGs in 'Silicon Roundabout' in London
How the industry is developing globally
Who the major players are in the US/UK

4) Upcoming payment trends for this year and beyond: what trends we see in UK/ Europe vs. the US

Digital payments
Account-to-account payments

5) The best way to reach out and be part of the open banking future

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