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Consumer Duty, Open Banking and the rising cost of living
The new Consumer Duty will be a step change in the way organisations deal with consumers to ensure they’re only borrowing credit they can afford. But is your business prepared for change? Join our panel of experts as they uncover how Open Banking can help mitigate regulatory risk and determine what’s affordable amidst a rising cost of living.
- How the new Consumer Duty regulations are likely to impact the lending community?
- Are new regulations likely to lead to a long-term improvement in how the industry assesses consumer affordability?
- We’ll reveal key Open Banking insights which demonstrate the immediate challenges lenders are facing to assess affordability in the face of rising cost of living
- Can Open Banking provide that higher standard of care the FCA are looking for in the Consumer Duty regulations
- Could this help lenders better understand how rising costs are affecting different consumers affordability?
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Andrew Wayland
Andrew Wayland
Chief Marketing Officer Everyday LoansAndrew Wayland was part of the original management team that set up Everyday Loans in 2006. As Chief Marketing Officer he is responsible for all aspects of brand and customer acquisition, including marketplace and introducer relationships for Everyday Loans. Instrumental in evolving Everyday Loans’ digital strategy and customer journey, Andrew has initiated and led the development of an end-to-end open banking solution at Everyday Loans. Prior to joining Everyday Loans in 2006, he was the managing director of Collumbell Communications, a specialist marketing communications consultancy in the technology sector.
Ellie Duncan
Ellie Duncan
Head of Content Open Banking ExpoFormer Financial Times Group journalist Ellie Duncan has a decade of experience across financial services. While arguably best-known for her asset management work, she has also covered open banking, credit, private equity and entrepreneurship.
James Pursaill
James Pursaill
Chief Technology Officer & Co-founder PlendJames Pursaill is the Chief Technology Officer and co-founder of ethical consumer lender, Plend. James co-founded Plend in 2020 after he and his business partner sought to provide a better way to borrow, where people are no longer held back by their credit history. James has always been passionate about using technology for social impact and has been able to apply this ethos to Plend, which is already making a significant difference in the lives of millions of people.
Karl-Magnus Wadsack
Karl-Magnus Wadsack
Strategic Growth Director (Open Banking) AccountScore, an Equifax CompanyKarl-Magnus has over 20 years’ experience in the industry, providing client solutions and product development for a wide range of financial services clients.
Karl-Magnus played a lead role in implementing the partnership strategy, working alongside specialist FinTechs to ensure that Equifax can offer innovative and fast-paced solutions for our clients. In Karl-Magnus’s new role he is responsible for driving the client success strategy and providing a focus on maximising the benefits that our new and existing Open Banking solutions can deliver to clients and their customers alike.
Steve Petrie
Steve Petrie
Director of Compliance & Financial Crime Equifax UKSteve joined Equifax in 2019 as Director of Compliance and Financial Crime and also is responsible for the SMF17 money laundering reporting function for Equifax Limited.
Steve has over 25 years experience in the industry spanning Retail and Corporate Banking, Wealth Management and Sub-Prime sectors encompassing senior compliance roles at GE, Barclays Retail Bank, RBS Group and Corporate Bank and Nationwide.
