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Ep 2: Finch Technologies - Open Banking and Owning Your Identity with Chris Ball
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🎙️ Welcome to the Scrums.com FinTech Arena Podcast.
Episode 2: Finch Technologies - Open Banking and Owning Your Identity with Chris Ball.
In this conversation, Chase and Chris Ball discuss the evolving landscape of personal data ownership and monetization. They emphasize the importance of individuals recognizing their rights over their data and the need for compensation when it is used by third parties. The dialogue highlights a shift in consumer awareness regarding the value of their data, especially in the context of past practices by major tech companies.
Takeaways
- The ownership of personal data is becoming increasingly important.
- Consumers should be compensated for their data usage.
- Data transactions should be authorized by the data owner.
- Should the value of data can be monetary or in enhanced benefits?
- There is a growing awareness among consumers about their data's value.
- Tech companies have historically mined consumer data without compensation to you.
- Understanding data value is essential for you as a consumer today.
- The conversation reflects a broader societal change in data rights.
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