As financial data APIs become increasingly accessible and easy to integrate, there's been an explosion in financial innovation happening outside of traditional financial sectors that's disrupting the way people interact with their finances. No longer do consumers need to write out checks or bother with bank transfers -- Venmo makes peer-to-peer payments as easy as a text message. No longer do small businesses in need of capital need to spend business hours at a bank branch and risk the embarrassment of being turned down for a loan -- Kabbage provides small business lending online, and in a matter of minutes.
This presentation will cover how the development of financial APIs allows businesses and individuals of all sizes to access financial data that has traditionally been controlled by large, established banks, and how this is changing the way we handle our money. It will also discuss what this explosion of innovation in the non-bank sector signals for the future of finance – and what this future will look like.