Olly Betts

Job Title:
Chief Executive Officer
Company:
OpenWrks
Meet Olly Betts

Olly is Co-Founder and CEO of OpenWrks, an award winning fintech company dedicated to making Open Banking work to improve people’s everyday lives.

About OpenWrks

“We make Open Banking work to improve people’s everyday lives”.

By creating the technology that lets people confidently share their financial information with the businesses they trust, OpenWrks want to give everyone access to the financial products, services, and tools that they need the most.

OpenWrks founders know first hand the challenges that financial services businesses and their customers face. They have poured their years of experience and insight into building an Open Banking solution that will help create a world where faster, better and more personalised financial products and services are available for all of us.

 

Buy your tickets to the International SME Business Banking-Fintech Forum 2019 here

We ask Olly Betts the following questions

Why should banks focus on SME Banking?

SME represents a growing market segment for banks with the opportunity to provide a range of services at strong margins (when compared to retail).

Should banks reconcile themselves to being players in the new ecosystem rather than drivers of SME lending?

No. Banks should remain drivers of SME lending, their balance sheets enable them to lend at lower rates than non-bank lenders, these rates are essential to fuel SME growth.

What potential do you see for Open Banking and PSD2 (and its equivalents in other regions) to drive new possibilities for SME banking?

Open Banking has the potential to vastly improve the range, personalisation and competitiveness of SME banking services and is already starting to do so.